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Ukraine Finance Minister forecasts 45% GDP drop, committed to servicing debt

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LONDON (Reuters) – Ukraine’s economy is expected to contract by 45% this year, the country’s Finance Minister Serhiy Marchenko said on Wednesday, adding his government was committed to service its debt in full.

“People of Ukraine are paying an enormous price, and this price cannot be assessed,” Marchenko said during a briefing at the annual meeting of the European Bank for Reconstruction and Development in Marrakech, Morocco.

“What can be assessed is the projection of GDP decline, we are around 45% this year,” he added, speaking by video link.

Ukraine Finance Minister forecasts 45% GDP drop, committed to service debt

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