presidentjoe biden was amongst the high profile visitors, and the united states has been kyiv s biggest single financial backer. but also there was the head of the international monetary fund, kristalina georgieva. so just how difficult is it to keep a wartime economy running? well, i ve been catching up with ukraine s finance minister. sergeii marchenko, my friend, a real pleasure having you on my show again. and sorry it s under these circumstances. but let s start with this, it s been a year since the war began and the cost in human lives and suffering has been unimaginable during this time. but what about the impact on the economy as a whole paint us a picture. just how bad has it been? unfortunately, the damage done by russian aggression for ukraine is tremendous. last year we lost particularly more than 30% of our gdp. there was no country with comparable effect, a one year effect on the economy. that s why we suffered a lot. we lost part of our territory. but we are still capa
necessary apartments, shelters, to pay forfood, something like that. your country, sergeii, has had tens of billions of dollars of international support from the likes of the us and the eu and others, just to keep basics going, such as pension payments, government salaries. are you confident that that sort of help is just going to keep coming? we are confident when we see money in our accounts, if not, we should keep moving. we should keep negotiation. of course, now we see that ukraine is under tremendous support. all democracies support ukraine, and it also creates necessary environment for political support for ukraine, where despite that, there could be some fatigue for ukraine s case. now, we haven t seen fatigue. we have seen the eu, the us, the united kingdom, they have done all necessary steps to further strengthen support for ukraine. and now we are talking
i would prefer a clear vision and clear estimates of what we should do to bring our economy back to 2021. what we really need is a very cohesive policy within the government, very wise steps towards necessary policy tools and steps to help our economy to be in the position before the war. well, on that point, sergeii marchenko, ukraine s finance minister, a real pleasure, as always, having you on the show. thanks for your time. stay safe. good luck and i ll talk to you soon. thank you very much. so, over recent years, ukraine has been trying to modernise its economy, making it a better place for major international companies to do business as it tries tojoin the european union. but all of that, of course, has been fiercely disrupted by the war. so just how are private companies managing to keep the wheels of
it was before the war started? and what gives you hope that it can be done? hope is good, but the real step is better. i would prefer a clear vision and clear estimates of what we should do to bring our economy back to 2021. what we really need is a very cohesive policy within the government, very wise steps towards necessary policy tools and steps to help our economy to be in the position before the war. well, on that point, sergeii marchenko, ukraine s finance minister, a real pleasure, as always, having you on the show. thanks for your time. stay safe. good luck and i ll talk to you soon. thank you very much. so, over recent years, ukraine has been trying to modernise its economy, making it a better place for major international companies to do business as it
to 1 billion expenditures to support internally displaced people, to help them to find necessary apartments, shelters, to pay forfood, something like that. your country, sergeii, has had tens of billions of dollars of international support from the likes of the us and the eu and others, just to keep basics going, such as pension payments, government salaries. are you confident that that sort of help is just going to keep coming? we are confident when we see money in our accounts, if not we should keep moving. we should keep negotiation. of course, now we see that ukraine is under tremendous support. all democracies support ukraine, and it also creates necessary environment for political support for ukraine, where despite that, there could be some fatigue for ukraine s case.