Fighting in east Ukraine costs $130m a month

Comment on this story
RussiaFighterUkraine1 Reuters. An armed pro-Russian separatist stands guard at a railway station in Donetsk July 21, 2014.

Kiev - Ukrainian Finance Minister Oleksander Shlapak said on Monday Kiev's “anti-terrorist campaign” was costing more than 1.5 billion hryvnias ($130 million) a month and that Kiev needed additional funds to cover the mounting bill.

“We need to seek additional resources for this operation,” he told a meeting of leaders of parliamentary parties.

He also said Ukraine's economy had contracted by 5 percent in the first six months of the year and Kiev now saw GDP falling by 6.5 percent this year.

The government had previously forecast a 3 percent drop. - Reuters

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.