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Report: Ukraine May Have to Delay Salaries, Pensions Without Foreign Aid


A teacher leads a class about mine safety in a kindergarten in Kryvyi Rih, Ukraine, Sept. 14, 2023. Teachers, along with civil servants and pensioners, could see delayed pay if Western aid to the country is not approved soon, officials say.
A teacher leads a class about mine safety in a kindergarten in Kryvyi Rih, Ukraine, Sept. 14, 2023. Teachers, along with civil servants and pensioners, could see delayed pay if Western aid to the country is not approved soon, officials say.

Ukraine's government faces the prospect of delaying pensions and salaries for public servants if crucial Western financial aid is not approved soon, Deputy Prime Minister Yulia Svyrydenko told the Financial Times on Wednesday.

Kyiv has poured all its revenue into defense since Russia's February 2022 invasion, relying on foreign support to cover everything from pensions to social payments.

But key funding packages, including $55.54 billion from the European Union, have been blocked in Brussels and Washington.

"The support of partners is extremely critical," Svyrydenko told the newspaper. "We need it urgently."

She said 500,000 civil servants, 1.4 million teachers and 10 million pensioners could experience payment delays.

Svyrydenko told the Financial Times that she hoped the EU funding would be approved in February and delivered in March.

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    Reuters

    Reuters is a news agency founded in 1851 and owned by the Thomson Reuters Corporation based in Toronto, Canada. One of the world's largest wire services, it provides financial news as well as international coverage in over 16 languages to more than 1000 newspapers and 750 broadcasters around the globe.

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