Ministry of Finance
-
U.S. Treasury sanctions Russia's A7 network, designates it a transnational criminal organization
The U.S. Treasury imposed new sanctions on the A7 financial network on October 1, 2026, designating it a transnational criminal organization used by Russia and Iran to evade sanctions. The measures, announced under Operation Economic Outcast, freeze A7 assets under U.S. jurisdiction and target the companies-посередники that move funds on its behalf.
-
Putin envoy Dmitriev holds "constructive" talks with US officials in Washington on Ukraine war and energy cooperation
Kirill Dmitriev, Vladimir Putin's special envoy and head of Russia's sovereign wealth fund RDIF, met US officials in Washington on September 28 to discuss ending the war in Ukraine and possible post-war US-Russia energy initiatives. A US official described the talks as "constructive." The visit followed Donald Trump's meeting with Volodymyr Zelensky at the UN General Assembly in New York on September 22 and a separate series of meetings between Dmitriev and US special envoys Steve Witkoff and Jared Kushner.
-
Ukraine's 2027 defense budget leaves $70 billion shortfall, ministry says
Ukraine's Ministry of Defence estimates 2027 defense needs at $175 billion, nearly double the roughly $100 billion allocated in the government's draft state budget. Officials say the $70 billion gap must be closed with international partners through instruments such as the Ramstein format and PURL. The draft, Ukraine's sixth wartime budget, projects total expenditures above 8 trillion hryvnias and relies on foreign assistance to cover a 4.3 trillion hryvnia gap.
-
Ukraine's defense budget faces $27 billion deficit, PM says $20 billion to come from partners
Prime Minister Serhiy Koretsky said Ukraine's defense budget has a $27 billion shortfall — part of the $155 billion war financing figure declared at February's Ramstein-format meeting. Around $7 billion is to be covered through domestic austerity and internal reallocation, with roughly $20 billion being sought from international partners for drones, missiles and military equipment.
-
Trump presses Zelenskyy to halt strikes on Russian oil refineries ahead of New York meeting
On September 20, US President Donald Trump repeatedly pressed Ukrainian President Volodymyr Zelenskyy to stop Ukrainian strikes on Russian oil refineries during a phone call, citing rising global diesel prices. The two leaders agreed to meet in New York on September 22 on the sidelines of the UN General Assembly, where Trump is expected to push for an energy ceasefire. On September 21, Trump wrote on Truth Social that Russia had "lost control" of its diesel industry because of the war with Ukraine and called the war "senseless and endless," while Zelenskyy said Ukraine was ready for de-escalation steps only if Russia halted attacks on Ukrainian energy and critical infrastructure.
-
US imposes new sanctions on Russia's VTB Bank over Iran sanctions evasion
The US Treasury announced new sanctions on Russia's second-largest bank, VTB, accusing it of helping Iran circumvent existing restrictions. The measures are framed as part of a US pressure campaign on Tehran and supplement sanctions imposed on VTB in 2022 after Russia's full-scale invasion of Ukraine.
-
Ukraine's government submits 2027 draft budget to parliament: defense at 44% of GDP, $52.6 billion external financing required
Ukraine's Cabinet of Ministers approved and submitted the draft State Budget for 2027 to the Verkhovna Rada on September 15, 2026. The bill, registered as No. 16000, allocates 4 trillion 885 billion hryvnias (about 43.8–44% of GDP) to defense and security, projects total expenditures of 7 trillion 272 billion hryvnias, and identifies an external financing requirement of $52.6 billion, of which only $20 billion has been confirmed by partners.
-
Zelensky's Staff meeting focuses on protecting rail and energy infrastructure from Russian strikes
President Volodymyr Zelensky held a meeting of the Supreme Commander-in-Chief's Staff centered on contracts for protection systems for critical infrastructure and logistics. The meeting addressed the needs of Ukrzaliznytsia, gas station networks, and other priority targets for Russian strikes, approved a significant strengthening of electronic warfare capabilities, and tasked the Ministry of Finance with securing additional resources for logistics.
-
Ukraine plans $2–3 billion war-risk insurance fund for businesses, partly funded by VAT hike
Ukraine's Minister of Economy Oleksandr Kravchenko announced plans for a $2–3 billion insurance fund to compensate businesses for losses from Russian attacks, with payouts targeted to begin on January 1, 2027. The government proposes funding part of the fund by raising VAT from 20% to 21%, a politically sensitive move that has not yet been finalized.
-
US envoys visit Kyiv for first time, signal return to trilateral talks but report no breakthrough
US special envoys Steve Witkoff and Jared Kushner travelled to Kyiv on 6 September 2026 for their first visit to Ukraine since Donald Trump's second presidential term began, after meeting Vladimir Putin in Moscow on 5 September. They held three rounds of talks with President Volodymyr Zelensky, joined in the second round by national security advisers from France, Germany and the United Kingdom, and announced a planned return to the US–Ukraine–Russia trilateral format and US support for a 'winter package' of assistance for Ukraine. Zelensky reported receiving a message that 'the Russians are ready to negotiate' but remained sceptical, while the Kremlin, Bloomberg sources and the Institute for the Study of War said the Moscow talks produced no substantive concessions.
-
US Treasury Secretary says Ukrainian strikes on Russian oil refineries deepening global energy shock
US Treasury Secretary Scott Bessent said Ukraine's strikes on Russian oil refineries are deepening a global energy shock, in remarks on Fox News following two-day G20 finance ministers' meetings in North Carolina. Bessent attributed the shock both to the war in Ukraine — including Ukrainian attacks on Russian energy infrastructure — and to the conflict in Iran, and defended his decision to engage with Russian Finance Minister Anton Siluanov at the meeting.
-
Putin says Russia and Ukraine must negotiate peace bilaterally, calls Zelenskyy's airspace warning 'state terrorism'
Speaking at the Eastern Economic Forum in Vladivostok on September 3, Vladimir Putin said Russia and Ukraine must negotiate an end to the war directly between themselves, with other countries only supporting, and claimed there is a chance for a peaceful settlement. He described Ukrainian President Volodymyr Zelenskyy's warnings that Russian airspace is unsafe for civil aviation as state terrorism that complicates peace talks, and accused Ukraine's Western partners of silence. His comments come a day after Ukraine formally notified the ICAO that Russian airspace is dangerous for civil aviation.
-
Zelensky announces preliminary dates for US envoy visits to Kyiv and Moscow
On September 3, Ukrainian President Volodymyr Zelensky said preliminary dates have been agreed for meetings between representatives of US President Donald Trump and the warring sides, with visits planned for both Kyiv and Moscow. Zelensky said Ukraine expects the Kyiv meeting "in the coming days."
-
Trump says he'll meet Putin only when Russia and Ukraine are ready to sign a peace deal
On September 2, US President Donald Trump told reporters at the White House that he is ready to meet Russian President Vladimir Putin immediately, but wants the meeting to happen only when Russia and Ukraine are ready to conclude a peace agreement. Trump cited personal animosity between Ukrainian President Volodymyr Zelensky and Putin as the main obstacle to a deal, and suggested the war's end is "pretty close."
-
Bessent tells Russia's Siluanov no economic cooperation possible until war in Ukraine ends
US Treasury Secretary Scott Bessent told Russian Finance Minister Anton Siluanov that no easing of economic restrictions or agreements on other matters are possible while Russia's war in Ukraine continues, in a bilateral meeting on the sidelines of the G20 finance ministers gathering in Asheville, North Carolina. The meeting took place as European representatives expressed dissatisfaction with Siluanov's first in-person attendance at a G20 financial meeting since the start of the full-scale invasion.