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Over $750 million allocated from Ukraine’s reserve fund to finance combat operations

July 25, 2014, 20:24 UTC+3 KIEV
An additional sum of $780 million may be allocated to finance combat operations in eastern regions but the Verkhovna Rada, or parliament, had not yet considered relevant amendments
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© EPA/ANASTASIA VLASOVA

KIEV, July 25. /ITAR-TASS/. As many as 8.8 billion hryvnias ($750 million) have been allocated from Ukraine’s reserve fund since April 2014 to sponsor the force operation in the eastern regions, a Ukrainian deputy finance minister said on Friday.

“A total of 2.3 billion hryvnias ($200 million) of the above sum have been used,” Vladimir Matviychuk told a briefing, adding he hoped the rest of the sum “would stay with army and police structures” to “successfully complete” the force operation.

He also said that an additional sum of 9.1 billion hryvnias ($780 million) may be allocated to finance combat operations in eastern regions but the Verkhovna Rada, or parliament, had not yet considered relevant amendments to the state budget to allocate this sum.

Overall spending of the Ukrainian state budget on combat operations in 2014 have increased by 18.1 billion hryvnias ($1.55 billion), or by 40%, on 2013. “In 2014, overall spending on the force operation will reach 63.4 billion hryvnias ($5.43 billion),” Matviychuk said.

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