Ukrainian Finance Minister Says Sanctions Against Russia Ineffective
He noted that the anti-Russian sanctions have too soft an impact on the Russian economy and budget - even with the ruble's exchange rate quickly recovering.
Marchenko also called the daily loss of €300 million to the Ukrainian budget "unfair" when at the same time Russia "earns €1 billion a day. The Ukrainian Finance Minister called for tougher sanctions from Western countries, including an embargo on oil, gas and any goods from Russia.
Earlier, Marchenko claimed that two-thirds of Ukraine's state budget consists of Western money - borrowings and grant funds.