LVIV (Ukraine) – A Ukrainian presidential economic advisor reduced Saturday’s risks from the hryvnia devaluating more, despite Russia’s invasion of Ukraine which started on February 24.

Oleg Ustenko stated to local media that Ukraine had fully funded its budget and that $27.5 million of foreign reserves would be replenished. Ukraine received emergency funding from the International Monetary Fund, as well other institutions for its support of the economy in the conflict.

Russian forces shelled key cities of Ukraine including Kyiv/Kharkiv. The attack damaged infrastructure and disrupted transport routes across the Black Sea.

Ustenko stated previously that Russian invading forces have destroyed over $100 billion worth infrastructure, buildings, and other assets.