Ukraine struggling to cover funding gap as war costs surge
Prime Minister Sergii Koretskyi said $29.5 billion in foreign aid is at risk if Kyiv misses reform commitments with the International Monetary Fund and European Union.
- On Wednesday, Prime Minister Sergii Koretskyi announced Ukraine's total war costs will reach $155 billion this year, with the government struggling to close a $27 billion funding gap to ensure combat operations at the start of 2027.
- Ukraine's total budget revenues are targeted at about $70 billion this year, all channeled toward defense, while the $155 billion figure includes domestic state spending and off-budget military aid from Western allies.
- Koretskyi stated $29.5 billion in foreign aid is at risk if Kyiv fails to meet reform commitments with the IMF and the EU, as the government works to fulfill all obligations by October 15.
- To address the shortfall, the government plans to cover $7 billion through internal expenditure cuts and reallocations, while officials are currently negotiating with partners to secure the remaining $20 billion for defense orders.
- Active combat operations in early 2027 depend on this funding, Koretskyi warned, while Russia plans to spend 17.1 trillion roubles—around 27% more than originally budgeted—on defense in 2027, escalating the battle of financial endurance.
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Ukraine estimated total war needs during 2026 at $155 billion, including a financing gap of $27 billion, of which Kiev seeks to fill part with austerity and the rest with the support of partners.
For the first time, Ukraine is spreading an estimate of the annual cost of the conflict and speaks of a fund deficit of $27 billion that can cover alone only $7 billion. The Russian president at the Duma illustrates the budget and assures: "Russia will not humble itself by going around the world to begging for charity." In the night 190 Russian drones against strategic infrastructure, at least 5 dead and serious damage
Another $20 billion the government is looking for from partners.
Ukraine struggling to cover funding gap as war costs surge
By Olena Harmash KYIV, Sept 30 (Reuters) - Ukraine's total war costs will reach $155 billion this year and the government is struggling to close a $27 billion funding gap to ensure it can still conduct combat operations at the start of 2027, Prime Min...
Russia continues its attacks on Ukraine - Statements on the cost of the war were made by Ukrainian Prime Minister, Serhiy Koretsky The post Ukraine: Four dead from Russian attacks – "The cost of the war will reach 155 billion in 2026" appeared first on in.gr.
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