Topic: International financial aid
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Ukraine says defence deficit for 2026 is $27 billion, $20 billion in partner talks
Ukrainian Prime Minister Serhiy Koretsky said Ukraine's 2026 defence budget deficit stands at $27 billion. About $7 billion is to be covered through domestic austerity and reallocation, while the remaining $20 billion is being negotiated with international partners. The government is racing to meet commitments by mid-October or risk losing access to $29.5 billion in planned international financing.
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Ukraine completes opening of all 43 claim categories at international damage register
The International Register of Damage Caused by Russia's Aggression Against Ukraine (RD4U) completed the phased opening of all 43 claim categories on 30 September. The categories cover damages to individuals, legal entities, and the State of Ukraine. The Register has received about 195,000 claims, of which more than 65,000 have been entered into the Register.
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Proposal would shift frozen Russian assets from Euroclear and Clearstream to a new EU custodian
A proposal presented in Brussels by political commentator Hugo Dixon and co-authors would transfer frozen Russian Central Bank accounts from national depositaries — including Euroclear in Belgium and Clearstream in Luxembourg — onto the balance sheet of a special EU instrument acting as custodian. The mechanism, modelled on the post-Saddam transfer of Iraqi Central Bank accounts, is designed to shield depositaries and Belgium from Russian lawsuits while creating legal and financial groundwork for eventually using the assets in Ukraine's interests. Ukrainian Finance Minister Serhiy Marchenko has publicly backed revisiting the use of frozen Russian assets, citing an acute wartime budget deficit.
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IMF estimates Ukraine's financing gap at $54 billion through 2029 as donors meet in Brussels
On September 29, Ukraine's donors gathered in Brussels to accelerate talks on further financial assistance, as IMF estimates put Ukraine's financing gap at about $54 billion through 2029. EU member states remain divided on whether to use roughly €210 billion in frozen Russian central-bank assets or issue new common debt, while the European Commission and IMF tie further assistance to Ukraine's implementation of a reform plan.
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Ukraine's farmers face funding crunch as Black Sea exports remain blocked, minister warns
Ukraine's Minister of Agrarian Policy and Food Taras Vysotsky has warned that Ukrainian farmers are running out of money, with a more severe funding crisis likely in spring due to the continued blocking of Black Sea grain exports. The European Commission declined Ukraine's request for €220 million in farmer support, and Ukraine is instead counting on a $250 million concessional loan from the World Bank.
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Ukraine suspends non-priority spending as PM warns of critical fiscal squeeze
Ukraine's Cabinet of Ministers approved a decision on 28 September prioritizing state expenditures toward defense, pensions, social payments and public-sector salaries, while suspending non-critical construction, reconstruction, capital repairs and beautification projects until the end of the war. Prime Minister Serhiy Koretsky said part of the pressure stems from delayed international financing, in part because Ukraine has not fulfilled some of its commitments to international partners. The government has identified about $7 billion through internal optimization against a reported $27 billion Ministry of Defense deficit.
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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.
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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.
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EU member states agree on how to release €6.6 billion from European Peace Fund for Ukraine
EU member states agreed on conditions for releasing €6.6 billion from the European Peace Fund for Ukraine, ending a freeze imposed since spring 2023 by Hungary's veto. The announcement was made on 25 September by EU High Representative for Foreign Affairs and Security Policy Kaja Kallas, who called the deal "good news for Ukraine and bad news for Russia." The deal still requires formal adoption by EU defense ministers.
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Zelensky tells IMF's Georgieva in New York that Fund will help Ukraine secure part of 2027 financing
President Volodymyr Zelensky met IMF Managing Director Kristalina Georgieva on the sidelines of the 81st UN General Assembly in New York on September 22, and said the IMF will help Ukraine find part of the funds needed for its financial stability in 2027. Zelensky told Georgieva that the Verkhovna Rada had already passed some of the legislation required by partners and that the remaining laws would be adopted by year's end.
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Ukraine receives $841 million from World Bank under Canadian guarantees for pension payments
Ukraine has received $841 million in financing from the World Bank under guarantees from the Canadian government, with the funds directed to reimbursing state budget pension expenditures. The transfer was raised under the PEACE in Ukraine project, whose total volume has now reached $54.3 billion. Prime Minister Serhiy Koretsky announced the funding via Telegram and thanked Canada and the World Bank for timely assistance amid a significant budget deficit.
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EU to launch joint projects with Ukraine using at least €10 billion in remaining SAFE funds
The European Commission announced a new program of joint projects with Ukraine financed by remaining SAFE instrument funds, with a minimum of €10 billion available. Separately, the EU is allocating €3.3 billion to Ukraine for defense needs.
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EU draft budget for 2028–2034 includes €100 billion for Ukraine, diplomat says figure not questioned
The EU's draft Multiannual Financial Framework for 2028–2034 includes a planned €100 billion allocation for Ukraine, according to reporting by European Pravda. A senior EU diplomat familiar with the budget preparations said the figure is not currently being questioned among member states. A significant portion of the EU leaders' summit on 15–16 October in Brussels was to be devoted to the long-term budget.
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EU to send Ukraine additional €3.3 billion for missiles and drones
European Commission President Ursula von der Leyen announced, after a phone call with President Volodymyr Zelensky, that the EU would allocate an additional €3.3 billion to Ukraine for missiles and drones, to be disbursed on Friday, 18 September, under the Ukraine Support Loan program. The announcement was paired with a proposed new joint EU–Ukraine defense initiative, funded through remaining SAFE program funds, aimed at developing a European air and missile defense system based on the joint Freya/Freyja anti-ballistic system.
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Zelensky announces another successful test of Ukrainian interceptor against jet-powered Shahed drones
On 17 September, President Volodymyr Zelensky reported a new successful test of a Ukrainian-made interceptor against Russian jet-powered Shahed-type drones, including at least one confirmed shoot-down. He said production would be scaled up, thanked the developers and military, and noted that contracts were being signed with two companies whose interceptors had passed combat trials.
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DFC approves financing for Vodafone Ukraine and DTEK energy storage
The U.S. International Development Finance Corporation (DFC) approved financing for Vodafone Ukraine to strengthen and modernize wartime telecommunications infrastructure, with the operator set to gain access to 5G networks built on what DFC describes as "trusted technology." The same DFC package includes a loan to DTEK for the construction of energy storage systems with a capacity of 200 MW / 400 MWh.
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U.S. DFC approves €85 million loan to DTEK for battery storage expansion in Ukraine
The U.S. International Development Finance Corporation (DFC) has approved an €85 million (approximately $97.5 million) loan to Ukrainian energy company DTEK to expand battery energy storage systems in Ukraine. The loan is part of a broader DFC investment package of more than $8 billion covering projects in Ukraine, Jordan, and several African countries, and is the largest DFC financing in Ukraine's energy sector since the start of Russia's full-scale invasion in 2022.
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Norway to allocate 1 billion kroner through EU's Ukraine Facility, first non-EU contributor
Norway announced on September 17 that it will allocate 1 billion Norwegian kroner (approximately 90–92 million euros) through the EU's Ukraine Facility mechanism to support Ukraine's state budget and reforms in anti-corruption and energy. Norway becomes the first non-EU country to contribute to the mechanism. The announcement was made during European Commissioner for Enlargement Marta Kos's visit to Norway.
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Zelensky orders return of asset declarations for rear-echelon security officials, signs call-center fraud law
On 16 September 2026, President Volodymyr Zelensky announced the preparation of a decision to reinstate mandatory asset declarations for law enforcement officers and Security Forces members who are not at war, in a scope sufficient to monitor their property and lifestyle. In the same address he signed a law introducing criminal liability for fraudulent call centers and ordered a vetting of all heads of central executive bodies, citing high corruption risks at the tax service, ARMA, and various inspectorates.
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Ukrainian parliament approves in first reading VAT on foreign marketplace purchases
On 16 September, the Verkhovna Rada voted in first reading for a package of bills introducing VAT on goods bought through foreign marketplaces, regardless of value. 273 MPs backed the Tax Code amendment and 267 supported a separate customs bill. Finance Minister Serhiy Marchenko said the legislation is part of Ukraine's obligations to the IMF and the EU and warned that the country has already missed a €4 billion tranche, with an October tranche still contingent on passage.