Cabinet of Ministers: Ukraine faces €40bn defence funding gap in 2027

Cabinet of Ministers: Ukraine faces €40bn defence funding gap in 2027
Cabinet of Ministers: Ukraine faces €40bn defence funding gap in 2027

Financial gap in the security budget

The total amount required to meet Ukraine's defence needs in 2027 is estimated at €70bn. Meanwhile, according to official data, a sum of €40bn remains uncovered. This means that finding funding sources to cover this difference remains an open question.

Results of consultations with the G7

Information on the state of funding was released in a press release by the Cabinet of Ministers of Ukraine. The document summarises the discussions held by Finance Minister Serhiy Marchenko with his counterparts from the Group of Seven (G7) countries.

«Також обговорили забезпечення оборонних потреб у 2027 році. Загальна оцінка необхідних ресурсів на оборону становить 70 млрд євро, з яких 40 млрд євро наразі залишаються незабезпеченими» (We also discussed meeting defence needs in 2027. The total estimate of resources required for defence is €70bn, of which €40bn currently remain unfunded), the government stated.

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