Ukraine Needs Budget Support to Pay for Drones and Missiles, Zelenskyy Says
- 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.
152 Articles
152 Articles
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.
Russia is intensifying its air attacks on Ukraine. In this dramatic situation Selenskyy is losing an important antidote.
Russia's new jet drones put Ukraine under heavy pressure. Now there are also many F-16s that are particularly important in defense.
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