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deficit, hoping to cover the bulk of this deficit with help from Western partners. This year it will amount to $43.9bn, which is becoming increasingly difficult to raise in the face of growing and palpable Ukraine fatigue; the IMF mission to Ukraine, Gavin Gray, noted, over time, international support for Kyiv will diminish and the country’s authorities need to "develop internal resources for self-financing."
Ukraine’s recovery will require external investments in the amount of $10bn to $30bn per year over the next ten years, the country’s Prime Minister Denis Shmyhal said on social media following a Berlin meeting at the ministerial level for the first time.
"It is important for us that the support of partners is predictable, rhythmic and stable. We need restoration, access to foreign markets and improved logistics. We need external investment and technology transfer from our partners. Ukraine will need from $10bn to $30bn of annual investment in the next 10 years," he wrote in his Telegram channel following his participation in the donor session in Berlin.
2.7 US, Germany to transfer additional 100 Patriot air defence interceptor missiles to Ukraine
The US and Germany have agreed to transfer 100 desperately needed Patriot air defence interceptor missiles to Ukraine to shore up its air defences in the face of a devastating Russian barrage on its energy sector, Ukrayinska Pravda reported on June 12.
The US announced it was dipping into its strategic reserves and will supply Ukraine with two additional Patriot missile batteries that will greatly improve Ukraine’s ability to defend itself against Russian missiles, senior administration and military officials revealed according to the New York Times.
This decision has been approved by President Joe Biden, and comes as Ukrainian President Volodymyr Zelenskiy appealed to Ukraine’s allies at the Ukraine Recovery conference being held in Berlin. On June 11, Zelenskiy called for at least seven new Patriot batteries, which is the minimum Bankova says it needs to defend its most important cities.
Biden reportedly made the decision last week following a series of high-level meetings and internal debates on addressing Ukraine's pressing air defence needs without compromising US combat readiness.
German Defence Minister Pistorius also threw more German support behind Ukraine at a joint press conference with Zelenskiy on June 11 in the Mecklenburg-Vorpommern venue for the conference, reports European Pravda.
Pistorius recalled that a few weeks ago he was in Odessa, where he personally saw the consequences of Russian missile strikes and announced another package of assistance.
"And, especially after seeing how vital Ukraine's air defence is to survival, today I am glad to announce the delivery of a considerable number of
19 UKRAINE Country Report July 2024 www.intellinews.com