Over the past three and a half years, Ukraine has received more than $145 billion in financial support from international partners. However, to ensure the sustainability of public finances in 2025, the country needs to attract an additional approximately $8.7 billion. This information was announced by Finance Minister Serhiy Marchenko during negotiations in Copenhagen with representatives from the G7 countries, the European Union, the European Commission, and the International Monetary Fund.
This is reported by Finway
Financial Aid: Amounts and Challenges
The minister noted that this year Ukraine has already attracted $30.6 billion out of the planned $39.3 billion in international support. The continuation of external assistance remains a key factor for the country’s stability amid the war, as the budget deficit is significant.
“The continuation of external support remains critically important in the context of the war.”
Initiatives for New Funding Sources
During meetings in Copenhagen, new mechanisms for raising funds were discussed, including the European Commission’s initiative to provide a Reparations Loan backed by frozen assets of the Russian Federation. This approach allows for the use of profits from blocked Russian assets to support Ukraine.
As part of the G7 ERA program, which aims to utilize revenues from frozen Russian assets, Ukraine has already received about $23 billion from a total package of $50 billion. This is a significant portion of financial support that helps cover urgent budget needs and maintain the economic resilience of the state.