Ukraine risks running out of money to pay for its defense against Russia within two months as a multitude of factors converge to threaten tens of billions of euros in assistance from the country’s key donors.
Ukraine risks running out of money to pay for its defense against Russia within two months as a multitude of factors converge to threaten tens of billions of euros in assistance from the country’s key donors.
Soldiers test fiber optic drones before using them on the front line in Donetsk Oblast, Ukraine. Photographer: Jo Colon/Anadolu/Getty Images
Ukrainian President Volodymyr Zelenskiy kicked off a surprise visit to the Gulf region as he seeks to offer his nation’s anti-drone expertise in exchange for defense support.
Ukrainian President Volodymyr Zelenskiy kicked off a surprise visit to the Gulf region as he seeks to offer his nation’s anti-drone expertise in exchange for defense support.
highway traffic queues following rainfall near the King Abdullah Financial District (KAFD) in Riyadh, Saudi Arabia, on Thursday, Dec. 18, 2025. Saudi Arabia plans to stick to elevated spending and active borrowing to keep economic diversification at the forefront of the kingdom’s agenda — despite the challenge of lower oil prices.
Ukraine’s central bank left interest rates unchanged after the first cut in more than a year and a half as the Middle East conflict and uncertainty over foreign funding weigh on the war-stricken economy.
Ukraine’s central bank left interest rates unchanged after the first cut in more than a year and a half as the Middle East conflict and uncertainty over foreign funding weigh on the war-stricken economy.
The site of a recent Russian air attack in Zaporizhzhia, on March 18.
The International Monetary Fund raised concern about Ukraine’s ability to continue receiving aid from its $8.1 billion package as lawmakers stall on measures needed to release the financing, its representative said.
The International Monetary Fund raised concern about Ukraine’s ability to continue receiving aid from its $8.1 billion package as lawmakers stall on measures needed to release the financing, its representative said.
Workers clear damaged pipework at the Darnytsia Thermal Power Plant following Russian air strikes in Kyiv on Feb. 4. Photographer: Andrew Kravchenko/Bloomberg
Ukraine’s central bank chief said the US-led campaign against Iran risks piling additional pressure on the country’s war-devastated economy while handing a boost to Russian President Vladimir Putin in the fifth year of his invasion.
Ukraine’s central bank chief said the US-led campaign against Iran risks piling additional pressure on the country’s war-devastated economy while handing a boost to Russian President Vladimir Putin in the fifth year of his invasion.
Andriy Pyshnyi, governor of Ukraine's central bank, speaks at the 8th NBU-NBP Annual Research Conference in Kyiv, Ukraine, on Friday, June 21, 2024. Ukraine said Russia targeted energy facilities overnight as President Vladimir Putin’s forces continue attacks to disrupt the country’s power system.
The two armored trucks set off to Kyiv from Austria loaded with $82 million worth of gold and banknotes for their routine run to replenish Ukraine’s war-torn economy. They never arrived. In a daytime heist along a route of about 1,300 kilometers (800 miles), the couriers were beaten and the cargo seized.
The two armored trucks set off to Kyiv from Austria loaded with $82 million worth of gold and banknotes for their routine run to replenish Ukraine’s war-torn economy. They never arrived. In a daytime heist along a route of about 1,300 kilometers (800 miles), the couriers were beaten and the cargo seized.
The seized euros and bars of gold. Source: Government of Hungary
The European Union is considering providing Ukraine with financial help to repair the Druzhba oil facility as Hungary and Slovakia block support for Kyiv and sanctions on Russia until supplies through the pipeline resume.
The European Union is considering providing Ukraine with financial help to repair the Druzhba oil facility as Hungary and Slovakia block support for Kyiv and sanctions on Russia until supplies through the pipeline resume.
An oil reservoir on fire at a Druzhba pipeline facility southwest of Brody, Ukraine.
The Ukrainian military wants to accelerate the production of anti-ballistic missiles for Patriot air-defense systems to help protect against Russian attacks, according to Defense Minister Mykhailo Fedorov.
The Ukrainian military wants to accelerate the production of anti-ballistic missiles for Patriot air-defense systems to help protect against Russian attacks, according to Defense Minister Mykhailo Fedorov.
The International Monetary Fund’s board will meet on February 26 to consider a four-year, $8.1 billion loan program for Ukraine, people familiar with the matter said.
The International Monetary Fund’s board will meet on February 26 to consider a four-year, $8.1 billion loan program for Ukraine, people familiar with the matter said.
KOSTYANTYNIVKA, UKRAINE - FEBRUARY 13: Volunteers speak with a local resident near damaged residential buildings in Kostyantynivka in the Donetsk region as Russian shelling continues to impact civilian infrastructure and evacuation efforts intensify amid ongoing fighting on February 13, 2026 in Kostyantynivka, Ukraine. (Photo by Kostiantyn Liberov/Libkos/Getty Images)
Ukraine says its new program with the International Monetary Fund will be discussed in the coming weeks without any so-called “prior actions” such as tax changes Kyiv should have taken this month.
Ukraine says its new program with the International Monetary Fund will be discussed in the coming weeks without any so-called “prior actions” such as tax changes Kyiv should have taken this month.
Pedestrians walk past a residential building with a patriotic mural depicting a Ukrainian soldier in Kyiv on Jan. 28.
Ukraine faced another large-scale Russian air strike following President Volodymyr Zelenskiy’s comments that Moscow will turn down a US-brokered ceasefire on attacks against energy infrastructure.
Ukraine faced another large-scale Russian air strike following President Volodymyr Zelenskiy’s comments that Moscow will turn down a US-brokered ceasefire on attacks against energy infrastructure.
Residents walk through a market damaged following a Russian attack, in Odesa, Ukraine, on Feb. 12.
Ukraine is seeking to soften an unpopular tax bill demanded by the International Monetary Fund as a condition to unlock more than $8 billion under a financing program, according to people familiar with the matter.
Ukraine is seeking to soften an unpopular tax bill demanded by the International Monetary Fund as a condition to unlock more than $8 billion under a financing program, according to people familiar with the matter.
Repair works following a Russian attack on a heat and power plant, in Kyiv, on Feb. 4.
Power was gradually being restored in Ukraine’s capital on Saturday after widespread outages from what were termed “technical issues” across the nation’s power grid that spilled over to Moldova as well.
Power was gradually being restored in Ukraine’s capital on Saturday after widespread outages from what were termed “technical issues” across the nation’s power grid that spilled over to Moldova as well.
Kyiv residents receive hot meals and warm themselves by an open fire near a mobile kitchen organized by veterans of Ukraine's 3rd Assault Brigade in Kyiv, Ukraine, on January 30, 2026. Extreme cold temperatures return to Ukraine amid heating and power supply disruptions caused by massive Russian attacks on the country's energy infrastructure. (Photo by Maxym Marusenko/NurPhoto via Getty Images)
The Kremlin confirmed that Donald Trump asked Vladimir Putin to halt Russian strikes on Ukraine’s capital, Kyiv, though it said the agreement is set to expire on Sunday.
The Kremlin confirmed that Donald Trump asked Vladimir Putin to halt Russian strikes on Ukraine’s capital, Kyiv, though it said the agreement is set to expire on Sunday.
Pedestrians walk past kiosks selling flowers and supplied with electricity from power generators during a power outage in Kyiv on January 28, 2026, amid the Russian invasion of Ukraine. Russia has this month stepped up its strikes against Ukraine's power and heating infrastructure, plunging Kyiv residents into darkness and cold as temperatures dropped as low as -20C. (Photo by Sergei GAPON / AFP via Getty Images)
Ukraine’s central bank cut its benchmark interest rate, ending almost a year of steady borrowing costs after an infusion of foreign aid and easing inflation shored up the country’s war-battered economy.
Ukraine’s central bank cut its benchmark interest rate, ending almost a year of steady borrowing costs after an infusion of foreign aid and easing inflation shored up the country’s war-battered economy.
Ukrainian soldiers at a front line position in Donetsk region.
Ukraine’s military is working to replace Chinese-made drones with domestically produced models to cut the war-ravaged nation’s dependence on imports and sanctioned supply lines, the newly appointed defense minister said.
Ukraine’s military is working to replace Chinese-made drones with domestically produced models to cut the war-ravaged nation’s dependence on imports and sanctioned supply lines, the newly appointed defense minister said.
A "Vampire" strike drone during a presentation of drone military hardware of the Unmanned Systems Force of the Ukraine Armed Forces in Kyiv, Ukraine, on Tuesday, June 11, 2024. Ukraine demonstrated various types of remotely-operated unmanned robotic systems used by the Ukrainian military.
Ukrainian authorities are pressing ahead with a tax on self-employed entrepreneurs, one of the most contentious policies demanded by the International Monetary Fund to unlock more than $8 billion in wartime financing.
Ukrainian authorities are pressing ahead with a tax on self-employed entrepreneurs, one of the most contentious policies demanded by the International Monetary Fund to unlock more than $8 billion in wartime financing.
Ukrainian President Volodymyr Zelensky at IMF headquarters in Washington in 2023.
In the wake of a damaging corruption scandal, Ukrainian President Volodymyr Zelenskiy is increasingly reaching out to potential political rivals as the prospect of an election becomes more likely.
In the wake of a damaging corruption scandal, Ukrainian President Volodymyr Zelenskiy is increasingly reaching out to potential political rivals as the prospect of an election becomes more likely.
BOVINGTON, ENGLAND - APRIL 03: General Valerii Zaluzhnyi, Ambassador Extraordinary and Plenipotentiary of Ukraine to the United Kingdom and former Commander-in-Chief of the Armed Forces of Ukraine looks around the exhibition at The Tank Museum, on April 03, 2025 in Bovington, Dorset. Ukraine: Armoured Warfare in the Modern World is the largest exhibition in the UK focusing on the conflict with Russia. It charts the Russian invasion of Ukraine with a specific focus on the role of armoured vehicles, British assistance in training Ukrainian troops and highlights the devastating impact of the fighting on the Ukrainian people. (Photo by Finnbarr Webster/Getty Images)
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