Ukrainian President Expects His Country to Face a Aid Shortfall of Up to 50 Billion Euros Next Year
Ukrainian president expects a foreign aid shortfall between 45 and 50 billion euros next year.
SUMMARY
Ukrainian President Volodymyr Zelensky predicted a foreign aid shortfall between 45 and 50 billion euros in 2026, warning of its impact on drone production and Ukraine's ability to conduct long-range strikes. This comes amid an EU summit in Brussels discussing the use of frozen Russian assets to fund Ukraine's budget.
KEY HIGHLIGHTS
- Predicted foreign aid shortfall for Ukraine between 45 and 50 billion euros next year.
- Warning about reduced drone production and its impact on Ukraine's military capabilities.
- EU summit in Brussels discusses utilizing frozen Russian assets to finance Ukraine.
CORE SUBJECT
Ukraine's foreign aid shortfall and its military impact
Ukrainian President Volodymyr Zelensky today predicted that his country will face a foreign aid shortfall next year ranging between 45 and 50 billion euros (equivalent to 53 to 59 billion dollars). Zelensky explained, in remarks made as European Union leaders seek to decide at their summit in Brussels on the use of Moscow's frozen assets, that if Kyiv does not receive the first tranche of a loan funded by Russian assets by next spring, it will have to significantly reduce drone production. He emphasized that this means Ukraine will have far fewer drones compared to Russia and will not be able to carry out long-range strikes on energy facilities there. Earlier today, EU leaders held a summit at the EU headquarters in Brussels to discuss ways to utilize frozen Russian assets in European banks to finance part of Ukraine's budget.
KEYWORDS
MENTIONED ENTITIES 4
Volodymyr Zelensky
👤 Person_MaleUkrainian President
European Union
🏛️ OrganizationPolitical and economic organization of European countries
Brussels
📍 Location_CityCapital of Belgium and headquarters of the European Union
Moscow
📍 Location_CityCapital of Russia