02282nam a22004217u 4500 pwiiw7074 OSt 20260516120037.0 241118t2024 au ||||| |||| 00| ||eng d OSt eng E62 F35 F51 H81 H84 K33 jelc Pindyuk, Olga Front-loading financial support to Ukraine: It’s now or never Wien : Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw), 2024. 27 S., 10 Figures, 30cm. wiiw Policy Notes and Reports 85 Without sufficient military and financial support, Ukraine will not be able to withstand Russia’s military aggression and prevent even more damage to its economy and social fabric. In addition to having a much smaller economy compared to Russia, Ukraine also has a much smaller population – which means it will eventually lose a long war of attrition. If sufficient aid is not provided, Ukraine’s defeat would likely result in far higher social, political and economic costs to Europe in the form of additional refugee flows and greater security risks, including spill-over effects on other neighbouring regions. The EU needs to expand its role as a donor of financial aid. Increasing and front-loading macro-financial and reconstruction assistance – primarily via grants – would enable Ukraine to have an accelerating economic growth trajectory as well as benefit Europe by improving its security situation and boosting its prosperity. Additionally, the assets of the Russian Central Bank that have been frozen by Ukraine’s Western allies, which amount to approximately USD 300bn, should finally be made available to Ukraine. Ukraine Russia EU US war security fiscal revenues external financial aid public debt sanctions frozen assets European Union Russia Ukraine USA Macroeconomic Analysis and Policy 85 WIIW0000092 wiiw Policy Notes and Reports https://wiiw.ac.at/p-7074.html P 9120 9120 0 0 0 0 BIB BIB 1 2024-11-18 pwiiw7074 0 85 1000010007074 2024-11-18 00:00:00 2025-04-07 P