Finance
Ukraine
Key Figures of Ukraine’s 2026 Wartime Budget
Ukraine’s Verkhovna Rada has passed the 2026 state budget with record defense and security spending as the war with Russia grinds on and shows no sign of any truce, burdening the finances.
Dec. 6, 2025
Economy
Ukraine Appoints New Central Bank Deputy Governor to Lead Monetary Policy
Ukraine’s central bank has appointed Volodymyr Lepushynskyi as the new deputy governor to lead the Monetary Stability division, overseeing interest rates, money supply, and macroeconomic policy.
Dec. 5, 2025
Europe
EU to Shoulder €90B of Ukraine’s Budget Needs in 2026-27
European Commission President Ursula von der Leyen said the EU plans to cover €90 billion of Ukraine’s €135 billion financing needs for 2026-27 through new borrowing and a proposed reparations loan.
Dec. 5, 2025
KSE Russia Chartbook: Vulnerabilities From New US Sanctions on Rosneft/Lukoil
Russia’s worsening budget pressures, shrinking reserves and new US sanctions on Rosneft, Lukoil create a key opening for allies to tighten limits on Moscow’s war financing, KSE Institute wrote.
Dec. 3, 2025
KSE Fiscal Digest: Kyiv Faces Mounting Wartime Pressures as Defense Bills Climb Faster Than Budget Income
Defence spending is rising faster than state budget revenues. Ukraine’s financial stability now depends more than ever on predictable partner support and strict macroeconomic discipline.
Nov. 28, 2025
Economy
Ukraine Revives Talks With Hedge Funds on Restructuring GDP Warrants
Ukraine has reopened negotiations with holders of its GDP warrants after earlier talks collapsed, as Kyiv seeks to restructure about $3.3 billion of the pre-war securities.
Nov. 28, 2025
Europe
OPINION: Ukraine – IMF Tells Europe to ‘Show Me the Money’
Ukraine has done a remarkable job, but unless donors come up with the cash now, it is screwed.
Nov. 27, 2025
IMF
IMF and Kyiv Reach Deal on $8.2bn Financing Program for Ukraine
Ukraine and the IMF reached a staff-level deal on a new four-year EFF program, a long-awaited step as Kyiv negotiates fresh financing for 2026–27 amid Russia’s protracted war.
Nov. 27, 2025
US
EU: Kallas Calls for Immediate, Unconditional Ceasefire and Reparations Loan to Ukraine Backed by Frozen Russian Assets
The vice president of the European Commission said: “We still need to get from a situation where Russia pretends to negotiate to a situation where they need to negotiate.”
Nov. 26, 2025
IMF
IMF Says Ukraine Has Implemented 40% of Customs Reform Plan
The IMF said Ukraine has completed 40% of its 2030 customs reform plan, noting progress in HR policy, rotation and internal audit as Kyiv pursues fiscal reforms under its National Revenue Strategy.
Nov. 24, 2025
IMF
Ukraine Opens Negotiations for New IMF Loan as War Pressures Mount
The IMF mission led by Gavin Gray has started discussions in Kyiv on a new Extended Fund Facility to support Ukraine “amidst continued exceptionally high uncertainty.”
Updated: Nov. 17, 2025
Russia’s Mounting Fiscal Troubles Give Ukraine’s Allies a Chance to Tighten Sanctions, KSE Report Finds
Russia’s oil income fell to $13.4B in October. Western allies could tighten sanctions on oil trading, tanker insurance, and the National Wealth Fund to strain Moscow’s war financing.
Nov. 12, 2025
Economy
Ukraine’s October Inflation Eases Despite NBU Warning of Potential Rise
Annual inflation in October eased slightly, offering some relief despite previous central bank concerns as Russia’s renewed attacks continue to pose pro-inflation risks.
Nov. 11, 2025
Russia
OPINION: How to Spend $300B That Doesn’t Exist
Russia’s frozen assets could save the ailing EU economy and boost its defense capabilities. All that’s needed is a creative solution, political will.
Nov. 9, 2025
Ukraine
Ukraine and GDP Warrant Holders Terminate Negotiations Without Agreement
Ukraine failed to reach an agreement with holders of its $3.2 billion GDP warrants to restructure the securities. The government says it will keep seeking solutions to ensure debt sustainability.
Nov. 9, 2025
EU
Ukraine’s Central Bank Reports Record Reserves of $49.5 Billion (NBU data)
NBU reported a record $49.5 billion in foreign reserves in October 2025. The bank said strong inflows from partners, including the EU and World Bank, helped stabilize the currency market.
Nov. 8, 2025
Loading More Posts