Ukraine's Financial Assistance Needs Surge Amid Conflict

Due to Russia's ongoing war on Ukraine, the country requires $12-15 billion more in foreign assistance for 2025 than previously anticipated. Deputy Finance Minister Olha Zykova announced that Ukraine will now need a total of $38 billion in foreign aid this year, with $24 billion already secured from Western partners.

Ukraine will require an additional $12-15 billion in foreign assistance next year due to the ongoing conflict with Russia, Deputy Finance Minister Olha Zykova revealed on Wednesday.

Earlier estimates pegged the required amount at $22.7 billion for 2025, but the intensifying situation has escalated the need. Kyiv estimates it will need about $38 billion in foreign aid this year and has already received around $24 billion from Western allies.

The financial gap highlights the increasing economic strain on Ukraine as the war continues, making international support more crucial than ever.

(With inputs from agencies.)