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Ukraine's huge financing gap set to widen as war heats up and reforms stall

  • Ukraine's financing gap may widen significantly next year if Russia continues its attacks and the government fails to meet reform demands, analysts warn.
  • Ukraine will need between $39 billion and about $58 billion in external financing for next year, according to a poll by the Centre for Economic Studies.
  • Ukraine is expected to spend a record 2.6 trillion hryvnias on defense this year as the war continues, with future support facing scrutiny according to Evghenia Sleptsova.
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U.S. News broke the news in New York, United States on Thursday, July 31, 2025.
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