With economic declines worsening amid Russian infrastructure attacks, donors reportedly may need to give an extra $2bn monthly
US braces allies for higher Ukraine costs – WaPo
© Getty Images / Chris McGrath
Washington is reportedly bracing its European allies for “worst-case scenarios” in Ukraine, suggesting that Kiev may need its donors to pony up an additional $2 billion a month as Russian attacks on key infrastructure cripple the former Soviet republic’s economy.
The cost warning reflects fears that Ukraine’s economy may contract by an additional 5-9% in 2023 after taking a 33% hit this year, the Washington Post reported on Thursday. There are also concerns that if Moscow’s attacks intensify, a surge in refugees fleeing the country could crash Ukraine’s currency, leaving the government in a “doomsday scenario” in which it can’t pay for critical imports or meet its foreign debt obligations.
“What do you do when you can’t heat your house, you can’t run your shops, factories or plants, and your economy is not working?” Oleg Ustenko, an economic adviser to President Vladimir Zelensky, told the Post. “We are going to be requiring more financial assistance, and [Russian President Vladimir] Putin is doing this to destroy unity among allies.”
Germany spending $500 billion to ‘keep the lights on’ – mediaREAD MORE: Germany spending $500 billion to ‘keep the lights on’ – media
Europe is already suffering an energy crisis and economic turmoil amid the Russia-Ukraine conflict. The US-led sanctions campaign to punish and isolate Moscow has sparked soaring inflation and energy shortages. Germany, for instance, has spent nearly $500 billion to “keep the lights on” since the conflict began in February, cutting off its imports of Russian energy, Reuters reported on Thursday.
Zelensky’s government expected to need at least $55 billion in foreign financial aid next year to meet basic expenses, the WaPo reported. An extra $2 billion monthly would push that total to $79 billion. To put that in perspective, Ukraine’s entire state budget was less than $48 billion in 2021.
So far, the US and the European Union have pledged to send more than $30 billion to Ukraine next year, not counting the massive military aid that they’re also providing. Beyond the additional government funding that Kiev will seek, advisers to Zelensky have weighed asking Western leaders to finance direct cash payments to Ukrainian citizens, at a cost of $12 billion, the Post said.
READ MORE: Putin accuses EU of being a doormat for US
Jacob Kirkegaard, a senior fellow at the German Marshall Fund think tank in Washington, argued that the West needs to give more money to keep Zelensky’s government financially afloat. However, he added, “I don’t know if the will is there.”
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Mohsen Rezaee, a member of the Expediency Discernment Council, has said preconditions include reparations and security guarantees
For the ongoing conflict between Iran and the US to conclude, the latter must withdraw its military forces from the Persian Gulf, according to a member of the advisory board of Iran’s supreme leader.
Mohsen Rezaee, a retired major general and former commander of the Islamic Revolutionary Guard Corps (IRGC), added that Tehran would also seek full restitution for the damage done and ironclad security guarantees from Washington.
In an interview with Iran’s SNN TV broadcaster published on Saturday, the member of the Expediency Discernment Council said that the “presence of the US in the Persian Gulf has been the main cause of insecurity over the past 50 years.”
“The end of the war is also in our hands,” Rezaee claimed, naming the “US withdrawal from the Persian Gulf” among the key prerequisites. Additionally, Iran expects to receive reparations from the ...
The spokesman for the Khatam al-Anbiya Central Headquarters has accused the United States and Israel of deploying a rebranded copy of Iran’s Shahed-136 drone, designated “Lucas,” to carry out attacks on civilian infrastructure in regional countries as part of a deliberate false-flag operation aimed at framing the Islamic Republic.
In an official statement released today, the spokesman explained that after suffering military setbacks on the battlefield and failing to build political coalitions against Iran, the enemy has resorted to deception.
The statement specifically warned that the objective of these operations is to “create doubt and accuse the Islamic Republic of Iran” while sowing discord between Tehran and its neighbors, thereby undermining the legitimacy of Iran’s defensive actions.
The spokesman pointed to a series of “suspicious attacks” in recent days on facilities in friendly neighboring countries, including Turkey, Kuwait, and Iraq, which Western media outlets and hostile ...
The Islamic Revolution Guards Corps (IRGC) has announced the execution of the 51st wave of Operation True Promise 4, launching missile strikes against US military installations across the region in retaliation for ongoing American-Israeli aggression against the country.
The IRGC announced the latest wave was carried out using a combination of liquid-fuel and solid-fuel missiles against US terrorist army forces at the Al Kharj Air Base in Saudi Arabia.
According to the IRGC statement, Al Kharj base served as the "origin of aggressions against the Islamic homeland," functioning as the staging ground for US F-35 and F-16 fighter jets involved in attacks on Iran.
The base also houses fuel supply aircraft and serves as the main hub for American AWACS surveillance planes.
Concurrently, the spokesman for the Khatam al-Anbiya Central Headquarters confirmed that the fiftieth wave of the operation struck multiple US terrorist army bases.
They include the Al Dhafra Air Base and Fujairah in the UAE, Jufair in ...
