KYIV, Sept 10 – The promised $50 billion in revenue from frozen Russian assets, which the G7 has earmarked for Ukraine in 2025, is the resource allowing the government to settle for a smaller tax increase than initially proposed, according to Prime Minister Denys Shmyhal.

"Next year, we are also counting on $50 billion from confiscated Russian assets as a safety cushion, which will be used both to finance the budget deficit and for our military needs if additional requirements arise," Shmyhal said at a press conference on Tuesday.