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The Journal.

Ukraine's $30 Billion Problem

The Journal.

The Wall Street Journal

News, Daily News, Business News

4.25.8K Ratings

🗓️ 31 January 2024

⏱️ 16 minutes

🧾️ Download transcript

Summary

The U.S. and the European Union have promised Ukraine billions of dollars in new financial aid to keep the country running as the war with Russia drags on. But both pledges have been delayed by political infighting in Washington and Brussels. WSJ’s Chelsey Dulaney reports that without this foreign money, the Ukrainian government could be forced to take painful economic measures to stay afloat. Further Reading: - Ukraine’s $30 Billion Problem: How to Keep Fighting Without Foreign Aid Further Listening: - Ukraine Makes a Deal With Wall Street - Three Ukrainians on Enduring a Year of War Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

For the last two years, Ukraine has been fighting off a Russian invasion,

0:10.3

and this effort is exhausting and costly.

0:15.0

To keep the country running, Ukraine has been relying on tens of billions of dollars from the

0:20.5

US and the EU.

0:23.0

But now that money isn't flowing.

0:27.0

What's at stake if Ukraine doesn't get this money?

0:33.4

For Ukraine, the money that it's waiting on

0:36.3

from the US and the EU determines its ability

0:40.6

to fight the war.

0:42.0

I think there's no way around that.

0:44.4

Everybody agrees that it's extremely critical.

0:48.1

That's our colleague, Chelsea Delaney.

0:50.8

And we're talking both about military aid, so ammunition, drones, all of those things.

0:58.8

And as well, the money that the government needs to keep meeting its obligations to the people in Ukraine.

1:05.1

So all of that is hung up right now and without either the US or the EU, Ukraine's ability

1:12.4

to fight Russia is going to be severely constrained.

1:18.8

And ultimately, most people don't think they can fight this war without either of those partners.

1:24.0

Welcome to the Journal, our show about money, business, and power.

1:33.0

I'm Kate Leinbaugh.

1:34.3

It's Wednesday, January 31st.

1:41.5

Coming up on the show, can Ukraine keep fighting without foreign aid? Like some kind of pizza Ninja, Domino's are slicing their prices.

2:00.0

Domino's price size. Small pizzas now 8 quid, medium now 10 quid, and large now 12 quid.

...

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