Defense Ministry has options to address $27B funding shortfall – Khmara
Ukraine currently faces a $27 billion shortfall in defense funding, and the Ministry of Defense already has options for addressing the gap. These include bringing forward part of a European loan earmarked for next year and engaging other countries that have not yet provided financial assistance to Ukraine.
Ukrainian Defense Minister Yevhenii Khmara discussed the $27 billion funding shortfall for the defense sector with journalists, according to Ukrinform. The ministry has identified several potential avenues to address this shortfall, including utilizing part of the European loan planned for the following year. Khmara also highlighted the possibility of working with countries that have not yet joined the financial framework or could increase their contributions.
The defense minister emphasized that Ukraine would present its partners with a clear vision and plan, outlining the tasks faced by the Defense Forces, the necessary projects, expected results, and the timeline for achieving them. Ukraine's Verkhovna Rada approved amendments to the 2026 state budget on June 10, primarily aimed at increasing spending on security and defense. The budget allocation for security and defense rose to UAH 4.4 trillion.
Written by urgent.news from Ukrinform - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
