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BBCNEWS Talking Business June 4, 2024 02:34:00

The entire economy. but this year, that debt could hit $114 billion. so for ukraine, there s a clear, ongoing need for outside support. in the run up to the anniversary of the war, 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 paints 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 ....

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BBCNEWS Talking Business June 4, 2024 15:44:00

Hope is good, but the real step is better. i would prefer a clear vision and crystal 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 to do business as it tries to join the european union. but all of that, of course, has been fiercely disrupted by the war. ....

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BBCNEWS Talking Business June 4, 2024 15:35:00

Of the war. 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 so what about the impact on the economy as a whole paints a picture? just how bad has it been? unfortunately, the damage done by russian aggression ....

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BBCNEWS Talking Business June 4, 2024 15:38:00

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. now, we haven t seen fatigue. much of the support you ve received, ....

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BBCNEWS Talking Business June 4, 2024 22:35:00

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 so what about the impact on the economy as a whole paints 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 capable. we re still able and we still can execute our key function as a government. ....

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