Ukraine has asked the G7 nations for $50B in financial support and is also considering issuing 0% coupon bonds to help it cover a war-linked budget deficit over the next six months, the president’s economic adviser, Oleh Ustenko, said on Sunday. Last month, an analysis projected that Russia’s unprovoked invasion would crater the Ukrainian economy by 47% in 2022. “We do not believe that Ukraine’s GDP will recover to pre-war levels for more than a decade,” analysts at the consultancy wrote, as reported by Reuters.
Ukraine seeks $50B to cover the budget deficit.
The National Bank of Ukraine has sold $9B in 2022.