Thursday 4 September 2014

The Cost of War: Ukraine’s economy to pay heavy price for offensive in the east — RT Business

The Cost of War: Ukraine’s economy to pay heavy price for offensive in the east — RT Business:



"Financing the military offensive in eastern Ukraine is now proving to be a major economic headache for Kiev. The cost of rebuilding conflict-torn eastern Ukraine may reach $8 billion, Prime Minister Arseny Yatsenyuk has indicated.



As long as the military offensive in the east continues, Ukraine has to further dig into its fast-depleting state coffers to support the operation. If the war continues through next year, it could cost the country more than $1.5 billion, or $6 million per day.



“According to preliminary estimates we’ve ran, if the anti-terror operation continues at its current level, next year we will need 20 billion hryvnia ($1.6 billion),” Ukraine’s Deputy Minister of Finance Vladimir Matvychuk said last week."



'via Blog this'

No comments:

Post a Comment