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.
78 Articles
78 Articles
Ukraine has managed to reduce the budget financing gap from $27 billion to $20 billion through austerity measures, Prime Minister Serhii Koretskyi said. The cuts will affect areas such as road repairs and cultural projects, while the salaries of military personnel will be protected. The prime minister said the main priority remains financing the armed forces and everything related to the country's survival. The Ukrainian government is holding ta…
Ukraine can finance only one third of the State's expenditure from its own resources, stated Prime Minister Sergei Koretski. Ukraine can provide only one third of its State spending on combat and social needs on its own, and transfers TASS. "Ukraine can provide only one third of its own revenue <...> can provide one third of its [part] expenditure," noted Prime Minister Sergei Korecki in an interview with TSN TV. He explained that the country de…
EU funding to buy Ukrainian drones and air defence
Ukraine says billions provided by the European Union under the Ukraine Support Loan will be used to fund purchases of drones and air defence systems. The post EU funding to buy Ukrainian drones and air defence first appeared on UK Defence Journal.
Kallas announces €6.6 billion for Ukraine. However, the president calls for further aid to offset the budget deficit of 27 billion. Meanwhile, Trump has secured the license for the production of Patriot. The article "EU" still drops money to Kiev. Zelensky thanks and asks more of it comes from The Truth.
According to the Ukrainian President, the budget hole of more than 23 billion euros threatens the financing of war-related drones.
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