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    Home > Headlines > Ukraine needs at least $120 billion for defence next year, minister says
    Headlines

    Ukraine needs at least $120 billion for defence next year, minister says

    Published by Global Banking and Finance Review

    Posted on July 22, 2025

    1 min read

    Last updated: January 22, 2026

    Ukraine needs at least $120 billion for defence next year, minister says - Headlines news and analysis from Global Banking & Finance Review
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    Tags:Government fundingdebt instrumentsfinancial communityinternational financial institution

    Quick Summary

    Ukraine seeks $120 billion for 2024 defence, with $60 billion from NATO and EU partners, as stated by Defence Minister Denys Shmyhal.

    Ukraine needs at least $120 billion for defence next year, minister

    KYIV (Reuters) -Ukraine will need at least $120 billion for defence spending next year, Ukrainian Defence Minister Denys Shmyhal said on Tuesday.

    Negotiations are ongoing with NATO and EU members as Ukraine seeks $60 billion in funding from partners, he added in a statement on the Telegram messaging app.

    (Reporting by Anastasiia Malenko; Editing by Andrew Heavens)

    Key Takeaways

    • •Ukraine needs $120 billion for defence in 2024.
    • •Negotiations with NATO and EU for $60 billion are ongoing.
    • •Defence Minister Denys Shmyhal made the announcement.
    • •Funding is crucial for Ukraine's military needs.
    • •The statement was shared on the Telegram app.

    Frequently Asked Questions about Ukraine needs at least $120 billion for defence next year, minister says

    1How much funding does Ukraine need for defense next year?

    Ukraine will need at least $120 billion for defense spending next year, according to Defense Minister Denys Shmyhal.

    2What is Ukraine seeking from its partners?

    Ukraine is seeking $60 billion in funding from NATO and EU partners as part of ongoing negotiations.

    3Who reported on Ukraine's defense funding needs?

    The information was reported by Ukrainian Defence Minister Denys Shmyhal in a statement on Telegram.

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