Whose money fills Ukraine's budget during the years of great war

Whose money fills Ukraine's budget during the years of great war
The European Union, the United States, the IMF, and Japan became the main donors to Ukraine's state budget during the full-scale war. A significant portion of the funds also came through the ERA mechanism initiated by the G7, which are planned to be repaid and serviced using future profits obtained from immobilized Russian assets. This is evidenced by data from the Ukrainian Ministry of Finance for 2022-2025, analyzed by "Slovo i Dilo".

According to data from the Ministry of Finance as of June 9, 2025, $48.6 billion has been received from the EU for the Ukrainian budget, $30.2 billion from the USA, within the G7 ERA initiative – $14.7 billion, $12.8 billion has been received from the IMF during this period, $8.5 billion from Japan, Canada provided more than the World Bank: $5.4 billion and $5.3 billion respectively, the United Kingdom – $3 billion, Germany – $1.7 billion. Other EU and G7 countries contributed to the budget financing to a lesser extent.

These funds were directed towards covering the state budget deficit, ensuring social expenses, and supporting critical infrastructure. Part of the aid was provided as grants, and part as concessional loans.

Share tittle
Analytics
The NBU has updated the rules on the authorisation of financial institutions: a lawyer explained what has changed in 2026
Analytics

The NBU has updated the rules on the authorisation of financial institutions: a lawyer explained what has changed in 2026

The NBU continues to update regulatory requirements for the financial sector, tightening control over providers of financial and payment services. The latest changes relate to both authorisation procedures and requirements concerning business reputation, ownership structure and business planning for financial institutions. The new rules will also affect pawnbrokers and insurers, which must adapt their internal processes to the updated standards.

21.07.2026
Will there be enough gas and electricity this winter? What Ukrainians need to prepare for in the new heating season
Analytics

Will there be enough gas and electricity this winter? What Ukrainians need to prepare for in the new heating season

Ukraine is approaching another heating season whilst its energy infrastructure comes under constant attack. Whilst the authorities report on gas reserves and the commissioning of new power generation capacity, experts point to disputed figures and problems with connecting new capacity, and in some places power cuts lasting between 10 and 20 days.

20.07.2026
The legalisation of cryptocurrency: how does it (not) work in Ukraine?
Analytics

The legalisation of cryptocurrency: how does it (not) work in Ukraine?

Ukraine is actively moving towards legalising the cryptocurrency market, but for the time being, cryptocurrency transactions remain in a ‘grey area’ of regulation. ThePublic spoke to Yakov Voronin, a lawyer and managing partner of the Yakov Voronin Law Firm, Chairman of the Public Oversight Council at the Economic Security Bureau and Chairman of the Committee on Customs and Tax Law at the National Association of Advocates of Ukraine, Yakov Voronin.

14.07.2026
The NBU has published a macroeconomic review: what is happening with inflation, the economy and public finances
Analytics

The NBU has published a macroeconomic review: what is happening with inflation, the economy and public finances

In May, headline inflation in Ukraine slowed to 8.2 per cent year-on-year, thanks to an increase in the supply of certain raw food products. At the same time, core inflation accelerated to 7.9 per cent, as businesses continued to factor rising labour, energy and logistics costs into their prices, as well as the impact of the previous depreciation of the hryvnia. According to the National Bank’s estimates, headline inflation continued to slow in June, whilst core inflation continued to rise.

07.07.2026
There is talk in the Kremlin of a successor to Putin: who is Alexei Dyumin and why is he being touted as the frontrunner?
Analytics

There is talk in the Kremlin of a successor to Putin: who is Alexei Dyumin and why is he being touted as the frontrunner?

Alexei Dyumin has once again found himself in the spotlight amid reports that discussions about Vladimir Putin’s possible successors are becoming increasingly common in Russian political circles.

06.07.2026
War
The Ukrainian Armed Forces have destroyed a Russian MiG-29 at an airfield in the Kursk region
War

The Ukrainian Armed Forces have destroyed a Russian MiG-29 at an airfield in the Kursk region

The Ukrainian military carried out a strike on the Russian military airfield ‘Khalino’ in the Kursk region, resulting in the destruction of a MiG-29 fighter jet and a ‘Pantsir-S1’ anti-aircraft missile and gun system.

21.07.2026
Peskov stated that Russia considers the deployment of NATO troops in Ukraine to be unacceptable
War

Peskov stated that Russia considers the deployment of NATO troops in Ukraine to be unacceptable

Dmitry Peskov, the press secretary of the illegitimate President of the Russian Federation, Vladimir Putin, has stated that Russia considers the possible deployment of NATO military contingents on Ukrainian territory to be unacceptable. According to him, this is precisely how the Kremlin justifies the so-called ‘special military operation’.

21.07.2026
Lockheed Martin has unveiled a new, cheaper missile for the Patriot system designed to shoot down Russian ballistic missiles
War
  • Important

Lockheed Martin has unveiled a new, cheaper missile for the Patriot system designed to shoot down Russian ballistic missiles

Lockheed Martin has unveiled a new missile, the Adapted Capability Effector, for the Patriot systems, which is set to become a cheaper alternative to PAC-3 interceptors. The development was unveiled against a backdrop of growing demand for missile defence systems in the wake of ballistic missile attacks.

21.07.2026
Russia has launched a second batch of ‘Rassvet’ satellites into orbit, which are described as the equivalent of Starlink
War

Russia has launched a second batch of ‘Rassvet’ satellites into orbit, which are described as the equivalent of Starlink

Russia has launched the second batch of ‘Rassvet’ satellites, which are seen as a future counterpart to the Starlink system. There are currently around 40 such satellites in orbit, but this is not sufficient for military purposes.

21.07.2026
Explosions have been heard in Mariupol — a petrol tanker, a petrol station and, presumably, Russian warehouses have been hit
War

Explosions have been heard in Mariupol — a petrol tanker, a petrol station and, presumably, Russian warehouses have been hit

Explosions have been heard in occupied Mariupol. A petrol tanker, a petrol station and a garage were hit as a result of the strikes. Reports that the occupiers’ warehouses have been destroyed are also being verified.

21.07.2026
Finance
PrivatBank has launched an important feature for sole traders: what is it all about?
Finance

PrivatBank has launched an important feature for sole traders: what is it all about?

PrivatBank has added a new service to its ‘Privat24’ all-in-one app. Entrepreneurs can now manage their finances, accounting and mandatory payments directly from their smartphone.

13.07.2026
New combat allowances for military personnel: the Ministry of Defence has explained who is eligible for the additional payments
Society

New combat allowances for military personnel: the Ministry of Defence has explained who is eligible for the additional payments

The Ukrainian Defence Forces have introduced an updated mechanism for calculating additional financial allowances for military personnel. The new rules set out which allowances are payable for different types of combat missions, who is eligible to receive them, and how participation in such missions will be verified

12.07.2026
The new 2,000-hryvnia banknote: when will it enter circulation and will it affect prices?
Society

The new 2,000-hryvnia banknote: when will it enter circulation and will it affect prices?

The National Bank of Ukraine has announced the expansion of its banknote series and the introduction of a new 2,000-hryvnia note into circulation. It will enter circulation on 4 September 2026

12.07.2026
Kharkiv is to receive €15 million from the EBRD to restore its district heating system
Finance

Kharkiv is to receive €15 million from the EBRD to restore its district heating system

The funds from the EU loan and grant will be used to purchase up to 22 modular gas-fired boiler houses with combined heat and power (CHP) units, as well as a further five CHP units for existing boiler houses.

19.06.2026
Ukrainians to receive financial assistance ahead of Independence Day: who will receive the money
Society

Ukrainians to receive financial assistance ahead of Independence Day: who will receive the money

In 2026, Ukraine expanded the list of citizens who will automatically receive a one-off cash payment ahead of Independence Day. Most recipients do not need to make a separate application to the Pension Fund

13.06.2026