Marchenko called on the EU to tighten sanctions against the Russian Federation and speed up the confiscation of its assets
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During the informal meeting of the ministers of economy and finance of the EU countries on April 29, Finance Minister Sergey Marchenko called for tougher sanctions against Russia. This was reported by the press service of the Ministry of Finance of Ukraine.
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The Minister of Finance called on partners to tighten sanctions against the Russian Federation, which must pay for the horrific actions in Ukraine.
“First of all, even taking into account the unprecedented sanctions, they did not have a sufficiently destructive effect on the economy of the aggressor, as we all expected. We must focus on strengthening the implementation of sanctions and closing loopholes that allow them to be evaded. It is important to impose restrictions on countries that help Russia.
Secondly, it is necessary to speed up the development of mechanisms for the confiscation of Russian assets and direct them to the restoration of Ukraine. The aggressor must bear responsibility for his actions and compensate the damage to our state,” Marchenko said.
In addition, in his speech, the minister noted that the Ukrainian financial system is in better condition than an hour ago, and the economy is showing a gradual recovery.
Regarding the implementation of the budget, Sergey Marchenko noted that this year, external financing is coming in rhythmically and predictably, and internal budget revenues have grown, which makes it possible to finance the expenses of the state budget in a timely manner and in full.
It is added that in this context, the Minister of Finance invited partners to join the financing of World Bank projects URTF (Ukraine Relief, Recovery, Reconstruction and Reform Trust Fund) and SPURR (Special Program for Ukraine’s Recovery and Crisis Response). The VB funds were created to mobilize donor funds for rapid renovation projects.
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Editor of the news feed Yaroslav Holoborodko Writes on the topics: Macroeconomics, stock market, cryptocurrency
Source: Ministry of Finance
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