Ukraine’s needs at least $65B per year in external funding to keep the economy healthy and continue repelling the Russian aggressor.

President Volodymyr Zelenskyy, speaking to journalists, said Ukraine must close an annual budget deficit of about $40B, with an additional $25B needed for domestic production of missiles, drones, electronic warfare systems, and other required equipment and supplies.

In total, Ukraine requires $65B in funding. He mentioned that he had started discussions on financing with leaders from the EU, the US, NATO, France, and the UK. According to Zelenskyy, “there is still a program for financing our army in the future.” “This is part of Ukraine’s defense capability and part of the security of all of Europe.

Previously, Europeans refused to fund our military salaries, only weapons. But it turns out that our military can be exactly the weapon that protects everyone,” the president explained. Meanwhile, Oleksandr Parashchiy, Head of Research at Concorde Capital, believes Ukraine’s actual deficit to cover all military and budget expenses, to be funded through foreign aid in 2025-2026, will be roughly the same as in 2024 – around $90B.