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Shmyhal: Ukraine expects to attract $38bn in external financing in 2025

Ukraine expects to receive funds from frozen Russian assets as well. 

Shmyhal: Ukraine expects to attract $38bn in external financing in 2025
Ukrainian PM Denys Shmyhal
Photo: Anna Steshenko

In 2025, Ukraine expects to attract more than $38 billion in external financing to cover the most important non-military budget expenditures. This was announced by Prime Minister Denys Shmyhal at a government meeting on 24 December.

In addition, Kyiv wants to receive funds from frozen Russian assets.

So far, Ukraine has received more than €16 billion from the EU under the Ukraine Facility programme. "Almost $5.4 billion is under the programme of cooperation with the IMF. The programme has already been revised for the sixth time, and yesterday Ukraine received a new financial tranche," the Prime Minister added.

He said that the support of the United States, the World Bank, Japan, Canada and other partners is also significant. "Direct budgetary support alone for this year will amount to about $41 billion," Shmyhal stressed.

  • This month, at a press conference with European Council President Antonio Costa, Volodymyr Zelenskyy said that in January 2025, specific financial mechanisms should be put in place to help Ukraine with the frozen assets of the Russian Federation.
  • Foreign Minister Andriy Sybiha said that there was a need to move from freezing Russian assets to seizing them. 
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