Ukraine Needs Budget Support to Pay for Drones and Missiles, Zelenskyy Says
Zelenskyy said orders and payments made in October and November are needed to avoid drone shortages early next year.
- President Volodymyr Zelenskiy urged the European Commission to accelerate the second tranche of a $90 billion loan to address a critical $27 billion defense funding gap.
- Mounting costs from intense long-range drone and missile attacks along the 1,200-km front line have driven Ukraine's urgent defense spending needs.
- "If we do not order and pay for them in October and November, we will face serious challenges in January and February," Zelenskiy warned.
- Prime Minister Serhii Koretskyi reported on Sunday that austerity measures reduced the shortfall to $20 billion, though he warned the remaining gap "remains an open question."
- Finance Minister Sergii Marchenko stated an International Monetary Fund mission is expected in November for a second review, requiring Kyiv to finalize its budget plan by then.
78 Articles
78 Articles
Ukraine has managed to reduce the budget financing gap from $27 billion to $20 billion through austerity measures, Prime Minister Serhii Koretskyi said. The cuts will affect areas such as road repairs and cultural projects, while the salaries of military personnel will be protected. The prime minister said the main priority remains financing the armed forces and everything related to the country's survival. The Ukrainian government is holding ta…
Ukraine can finance only one third of the State's expenditure from its own resources, stated Prime Minister Sergei Koretski. Ukraine can provide only one third of its State spending on combat and social needs on its own, and transfers TASS. "Ukraine can provide only one third of its own revenue <...> can provide one third of its [part] expenditure," noted Prime Minister Sergei Korecki in an interview with TSN TV. He explained that the country de…
EU funding to buy Ukrainian drones and air defence
Ukraine says billions provided by the European Union under the Ukraine Support Loan will be used to fund purchases of drones and air defence systems. The post EU funding to buy Ukrainian drones and air defence first appeared on UK Defence Journal.
Kallas announces €6.6 billion for Ukraine. However, the president calls for further aid to offset the budget deficit of 27 billion. Meanwhile, Trump has secured the license for the production of Patriot. The article "EU" still drops money to Kiev. Zelensky thanks and asks more of it comes from The Truth.
According to the Ukrainian President, the budget hole of more than 23 billion euros threatens the financing of war-related drones.
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