EU, IMF understand need to help Ukraine finance budget gap, Zelenskiy says

President Volodymyr Zelenskiy of Ukraine stated on Friday that both the European Union and the International Monetary Fund recognize the necessity of assisting Kyiv in addressing its budget deficit and defense expenditures. This year, Ukraine is requesting an additional $27 billion in support from its partners, citing the escalation in the war between Ukraine and Russia as a reason for the increased costs.

The conflict has intensified drone and missile attacks along Ukraine's 1,200-kilometer front line, where both nations continue to engage in military operations. Ukraine has also requested to accelerate the disbursement of a loan from the European Union. Zelenskiy highlighted the urgency of ordering drones in October and November, emphasizing that failing to do so would pose challenges at the beginning of the following year.

During a WhatsApp briefing for reporters, Zelenskiy expressed gratitude for a positive response from European Commission President Ursula von der Leyen. He stressed the importance of investment in Ukrainian-made drones and missiles. Ukraine's social and humanitarian spending also requires significant foreign assistance, with the country anticipating the need for more than $52 billion in international financial aid next year.

Finance Minister Sergii Marchenko informed reporters that an IMF mission for a second review of Ukraine's financing program is scheduled for November, and Kyiv must have a plan in place by then to fund the upcoming budget.