Since February 2022, Ukraine has received more than $145 billion in international financial assistance. Finance Minister Serhii Marchenko reported this during bilateral meetings with the finance and economy ministers of the G7 and EU countries, representatives of the European Commission and the IMF on 20 September in Copenhagen.
“Given that the war continues, challenges for the financial system remain, and continued external support is extremely important,” the minister said.
He added that in 2025 alone more than $30.6 billion of external financing has already been attracted, while the need for the current year is $39.3 billion.
As for the next budget year, Marchenko noted that, given the war, the Ukrainian government continues to direct all internal financial resources to defence spending, and to cover social expenditures the state counts on help from international partners.
For this, the government is conducting active dialogue with key partners — the IMF, the EU and the G7.
Thus, within the framework of bilateral meetings the minister discussed with colleagues options for additional financial support for Ukraine, in particular the possibility of implementing the recently presented European Commission initiative on a Reparations Credit backed by frozen Russian assets.
Revenues from frozen Russian assets already make it possible to cover priority expenditures of the state budget. Under the G7 Extraordinary Revenue Acceleration for Ukraine (ERA) initiative, amounting to $50 billion, Ukraine has already received about $23 billion from partners — about $20 billion from the EU and more than $3 billion from Canada.
Another mechanism of budget support is the Ukraine Facility financial instrument, within which more than €22.6 billion out of the €50 billion provided for 2024–2027 has already been attracted
