Ukraine Needs Budget Support to Pay for Drones and Missiles, Zelenskyy Says
Ukraine says it needs early EU loan payments to order drones and missiles, while officials warn the defense gap could reach $27 billion.
- On Friday, President Volodymyr Zelenskiy urged the European Commission to accelerate the second tranche of a $90 billion loan to address Ukraine's $27 billion defense funding shortfall.
- Intensified long-range drone and missile attacks along a 1,200-km front line between Ukraine and Russia have escalated war costs, requiring funds for drones, missiles, and military personnel pay.
- Zelenskiy warned that Ukraine must order and pay for drones in October and November; failure to do so risks serious shortages during January and February.
- Prime Minister Serhii Koretskyi said austerity measures reduced the shortfall to $20 billion, though he warned it "remains an open question" how to plug the remaining gap.
- Finance Minister Sergii Marchenko said Ukraine expects to need more than $52 billion in international aid next year as Kyiv prepares for an International Monetary Fund mission in November.
155 Articles
155 Articles
Cooperation with the EU has produced the expected result of Ukraine ' s complete closure of the state budget deficit by the end of this year; moreover, some of the funds raised will finance the purchase of drones at the beginning of 2027, as announced by Ukraine ' s President Vladimir Zelensky, reporting to RBK-Ukraine with reference to its Telegram Canal; according to the Head of State, the work to close the budget deficit has continu…
Kiev under continuous bombings, a financing deficit of $27 billion and critical structures (central and oil plants) continuously under attack....
The European Commission and Ukraine have found a way to meet Ukraine's budget and defense needs this year, Brussels and Kiev said. They did not provide details. The Ukrainian government, according to its own estimates, needs $20 billion to cover the budget hole this year, or just over 17.6 billion euros.
The European Union and Ukraine announce that they have identified ways to cover Kiev's financial and defence needs for the year 2026.
The Ukrainian interceptors are not fast enough to get Russia's jet-Shahed drones out of the sky. F-16 fighter planes, on the other hand, do. According to a report, Ukraine currently has only a few of them available. At the end of the year, it could become even more dramatic.
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