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Ukraine scrambles for money to fight war as Russian strikes batter economy
Officials say $56 billion is needed to cover a budget gap as attacks cut tax revenue, exports and industrial output.
- Ukrainian officials met European partners in Brussels last week to discuss accelerating €90 billion in European Commission loan disbursements to bridge a $56 billion budget gap this year.
- Russian attacks on industry and logistics cost the government over $1.1 billion in revenue during the first nine months, as rising war costs compounded declining tax revenues.
- Kryvyi Rih, the hometown of Ukrainian President Volodymyr Zelenskiy, faces acute pressure after Russian missile strikes halted ArcelorMittal's mining and steelmaking operations last month.
- Mayor Oleksandr Vilkul said Kryvyi Rih struggles to maintain essential services, noting, "In Kryvyi Rih, the situation is actually worse than anywhere else."
- Daily fighting costs hit $190 million, prompting Roksolana Pidlasa, head of parliament's budget committee, to warn, "Expenditure will continue to rise" and urge Western allies to accelerate support.
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The economic suffocation of Kryvyi Rih – "It's a matter of survival," says the mayor.
Coverage Details
Total News Sources6
Leaning Left0Leaning Right2Center2Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
Factuality
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