Ukraine’s premier sounded the alarm over the country’s finances, requesting an emergency meeting with international donors as Kyiv confronts “exceptionally high uncertainty” over its budget at the start of the year, writes Bloomberg.

In a letter to a key coordination group overseeing funds, Prime Minister Denys Shmyhal said financing is needed next month and should be channeled to Ukraine’s core budget needs.

The message reinforces Ukrainian pleas with more than USD 110 billion in financial aid being held up by political infighting in the US and the European Union.

Shmygal called on donors to begin coordinating actions to channel frozen Russian assets to help rebuild Ukraine.

Ukraine’s ability to generate funds independently, including raising tax revenues, devaluing the hryvnia, or using a central bank, is limited and is considered risky by the Ministry of Finance. But the prime minister said they would be used as a temporary solution until international funds arrived.

“We will make every effort to close the funding gap, but your timely support is needed now more than ever”, - Shmyhal said.