Fighting Ukraine’s financial fire ...Qatar

Thanks to Western arms deliveries, Ukrainian forces are celebrating one battlefield victory after another. But Ukraine faces another serious threat: high inflation. It therefore needs not only arms but also more financial support. Russia’s war has inflicted enormous damage, with the Ukrainian government and the Kyiv School of Economics putting the current tally of recorded material losses at $120bn. The country’s GDP is set to fall by 35-40% this year, and its government revenues by even more. Earlier this year, the International Monetary Fund determined that the Ukrainian government would need $5bn per month – $60bn this year – in external support to finance government salaries, pensions,

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