Topic: International financial aid
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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.
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Ukraine's parliament votes 317-0 to dismiss Prosecutor General Kravchenko
On 15 September 2026, the Verkhovna Rada voted unanimously, 317 to 0, to dismiss Prosecutor General Ruslan Kravchenko, and President Volodymyr Zelensky signed decree No. 932/2026 formalizing the dismissal. The vote came a day after Zelensky suspended Kravchenko from the post under Ukraine's martial law provisions and after Kravchenko left Ukraine overnight claiming to be on an official business trip abroad. Kravchenko's removal follows a public confrontation with the country's independent anti-corruption bodies over the NABU/SAP "Carthage" operation and his announcement of a suspicion notice against NABU director Semen Kryvonos.
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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.
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EU commissioners set conditions in letter to Ukrainian lawmakers on extra defence funding
European commissioners have sent a letter to Ukrainian members of parliament setting out the conditions under which the EU would provide additional financing, responding to Ukraine's request for an extra $27 billion in defence funding. The letter, signed by Economy Commissioner Valdis Dombrovskis and Enlargement Commissioner Marta Kos, spells out legislative commitments Ukraine must meet under the Ukraine Facility and Ukraine Support Loan programmes.
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Ukraine to receive $841 million in World Bank budget support backed by Canada
Ukraine will receive $841 million in World Bank budget support under guarantees from the Canadian government, with the funds earmarked to reimburse state pension expenditures. Prime Minister Serhiy Koretsky announced the disbursement via Telegram, calling it extremely important and timely given the budget deficit. The payment comes as Ukraine works to finalize documents needed to unlock $29.5 billion in international financing this year.
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Ukraine's daily war cost rises to $190 million, budget chief says
Roksolana Pidlasa, head of the Verkhovna Rada budget committee, said at the Yalta European Strategy conference in Kyiv that one day of war now costs Ukraine $190 million — $50 million more than in 2024. She warned that domestic resources are running short of defense needs and that Russian strikes have driven a VAT revenue shortfall.
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Ukraine risks losing part of $29.5 billion in foreign financing without parliamentary votes, PM Koretsky warns
Prime Minister Serhiy Koretsky warned that Ukraine risks losing a significant portion of an anticipated $29.5 billion in international financing if the Verkhovna Rada delays the required legislation, and said the government will send parliament a schedule with clear deadlines for each vote. He described the country's state finances as close to critical and said the government plans to complete its own share of 42 commitments by October 15, having accelerated the timeline from the previously announced November 1 deadline.
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Ukraine's Defence Ministry confirms payment delays to manufacturers under 'eBally' program
Ukraine's Ministry of Defence acknowledged delays in paying defence manufacturers for equipment supplied under the 'eBally' (єБали) digital bonus program, calling them technical and blaming planned refinancing through EU credit funds and upcoming changes to the points system. The head of the Ukrainian Council of Arms Makers said debt to individual manufacturers ranges from 24 million to hundreds of millions of hryvnias, hitting small companies hardest.
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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.
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Ukraine's PM outlines $56.5 billion in year-end financial needs, split between macrofinancing and defense
Ukrainian Prime Minister Serhiy Koretsky told the Yalta European Strategy forum that Ukraine faces two urgent financial challenges by year-end: $29.5 billion in confirmed macrofinancing at risk of not being received, and an additional $27 billion needed for defense forces. The government pledged to finish its part of the work by mid-October, including submitting required draft laws in September and finalizing all Cabinet resolutions by October 15, while calling on parliament to pass 27 outstanding bills.
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EU approves €6.1 billion credit for Ukraine to buy drones and Patriot missiles
The European Commission has formally approved a €6.1 billion credit tranche for Ukraine, earmarked for drones and missiles for Patriot air defense systems, including PAC-3 interceptors. The decision required five separate EU member-state derogations from standard procurement rules to allow EU funds to be used for arms purchases from third countries, including the United States, and for Ukrainian-made drones exceeding price thresholds.
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Trump–Putin call fuels peace hopes as Ukraine reports $27bn shortfall and deep drone strike hits Russia
US President Donald Trump said after a phone call with Vladimir Putin on 8 September that Putin wants a deal to end the war, raising the prospect of bilateral or trilateral leader-level meetings. US, Ukrainian and European officials publicly doubted Putin's seriousness, while Ukraine disclosed it needs an additional $27 billion to get through the year. The diplomatic activity coincided with a Ukrainian drone strike on a facility in Russia's Yamal region, described by Kyiv as its deepest inside Russia since 2022, and Russian attacks on multiple Ukrainian regions that killed at least six people.
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EU weighs moving frozen Russian assets to new EU-level custodian to sidestep Belgian objections
European circles are exploring transferring frozen Russian assets from Belgium's Euroclear depository to a new EU-controlled custodian, which would shift legal responsibility from Belgium to the EU as a whole and remove Belgium's objections to using the funds for Ukraine. Ukraine's Foreign and Finance ministries have already submitted concrete proposals to Brussels. The European Commission treats the idea as theoretical, with no draft legislation prepared and several technical questions — legal basis, management structure, loss coverage in case of court rulings in Russia's favor — still open.
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Ukraine tells EU it needs additional $27 billion by year-end, prompting surprise in Europe
President Volodymyr Zelenskyy told European partners that Ukraine needs an additional $27 billion by the end of 2026 to cover a defence budget gap. The request, which came during a European visit for Ukraine's Independence Day, surprised officials who had agreed to a $100 billion-plus EU loan earlier in the year. European officials are now examining the size, causes, and justification of the deficit, while Ukraine is also seeking help from the United Kingdom, Canada, and Japan and pressing for the use of frozen Russian sovereign assets held at Euroclear in Brussels.
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Ukraine's government submits three more draft laws to parliament tied to international financing
Ukraine's Cabinet of Ministers approved and sent to the Verkhovna Rada three draft laws needed to attract international financing and cover the state budget deficit. Prime Minister Serhiy Koretsky described the deficit situation as serious and called on lawmakers, regardless of political affiliation, to vote on the package as quickly as possible.
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At virtual Ramstein meeting, Germany announces Patriot interceptors and 'City Dome' shield for Ukraine
At the 36th Ukraine Defense Contact Group meeting on 8 September, held virtually, Germany announced the urgent transfer of PAC-2 Patriot interceptors and additional AIM-9 missiles from Bundeswehr stocks, launched the 'City Dome' project to shield Ukrainian cities from drone and missile strikes, and committed to financing tens of thousands of long-range artillery shells. The UK pledged £100 million through PURL for air defense, the EU approved financing for 3.2 billion euros of Patriot missiles, and Ukraine outlined plans to contract around 1,000 Patriot missiles and several thousand additional IRIS-T missiles with partner support. NATO Secretary General Mark Rutte said civilian deaths in Ukraine are at their highest since May 2022 and warned that delays cost lives.
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Ukraine's Diia portal opens four new claim categories in international Register of Damage
Ukraine's Diia portal launched four new categories of applications to the international Register of Damage for Ukraine (RD4U). The categories cover loss of access to medical care, loss of access to education, other violations of international law, and other economic losses. Applications are submitted through the Diia portal and forwarded automatically to the Register.
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EU approves €3.2 billion tranche for Ukraine to buy Patriot interceptors under €90 billion loan
EU member states have approved a derogation allowing Ukraine to purchase critical products for Patriot air defense systems — notably US-made PAC-3 interceptors — using funds from the €90 billion Ukraine Support Loan. The next disbursement under the loan is €3.2 billion, on top of €8.4 billion already provided. European Commission President Ursula von der Leyen and NATO Secretary General Mark Rutte jointly welcomed the decision.
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Ukraine's 2027 budget has $32.6 billion uncovered financing need, finance minister says
Ukraine's Finance Minister Serhiy Marchenko said the country's 2027 budget faces an uncovered financing need of $32.6 billion — the tightest budget situation since the start of the full-scale Russian invasion in 2022. He called on European partners to seek additional sources of financing and presented a new proposal to redistribute roughly $300 billion in frozen Russian assets across all 27 EU member states.
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Ukraine's government submits four draft laws tied to €1.45 billion EU tranche
Ukraine's Cabinet of Ministers approved and sent to the Verkhovna Rada, Ukraine's parliament, four draft laws that are conditions for receiving the third €1.45 billion tranche of EU macro-financial assistance and are tied to broader obligations to the EU and IMF. Prime Minister Serhiy Koretsky announced the move, framing it as necessary for unlocking a significant portion of the $29.5 billion in expected partner assistance.