URC25: Ukraine to Spend $50bn on Defence in 2025, but Needs More Outside Help
UKRAINE, JUL 9 – The European Union plans a €100 billion fund to ensure stable financial aid to Ukraine amid ongoing conflict, with nearly €160 billion already committed since 2022, officials said.
- Ukraine plans to spend nearly $50 billion on defense and security in 2025, marking a record budget amid ongoing conflict.
- This spending follows Russia’s intensified offensive in 2024 and declining international aid, raising concerns about Ukraine’s financial sustainability.
- Ukraine has secured $22 billion in external financing for 2025 with $16.4 billion allocated specifically for weapons procurement, but faces a projected budget deficit next year.
- European officials consider establishing a €100 billion fund to support Ukraine starting in 2028, aiming to stabilize long-term financial assistance as Prime Minister Shmyhal urges increased outside help.
- The financial pressures suggest Ukraine will rely heavily on international aid and reforms to maintain defense capabilities as the conflict continues without clear resolution.
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URC25: Ukraine to spend $50bn on defence in 2025, but needs more outside help
Ukraine will allocate nearly $50bn to defence and security in 2025, amounting to 26% of the country's GDP, but it’s going to need more outside help, Prime Minister Denys Shmyhal said as the annual Ukraine Recovery Conference (URC25) kicks off.
·Berlin, Germany
Read Full ArticleUkraine will need over $40 billion from external financial support in 2026 to support its economic and war efforts, said Wednesday, 9 July, Prime Minister Denis Åmíhal, according to The...
·Romania
Read Full ArticleEuropean Union officials are considering a proposal to provide Ukraine with an additional 100 billion euros in grants and low-interest loans, Bloomberg reported, citing sources familiar with the matter.
·Belgrade, Serbia
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Total News Sources25
Leaning Left4Leaning Right2Center1Last UpdatedBias Distribution57% Left
Bias Distribution
- 57% of the sources lean Left
57% Left
L 57%
14%
R 29%
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