Ukraine's Western Partners Fall Short of $27 Billion Needed for Military Budget, PM Says
Ukrainian Prime Minister Sergey Koretsky said Kyiv and its Western partners have been unable to secure $27 billion needed to cover a shortfall in the country's military budget, according to TASS.
Written by EGazette’s AI. The facts are drawn from cited sources; the analysis is the AI’s own.
Ukraine and its Western partners have failed to find $27 billion required to cover a shortfall in the country's military budget, Ukrainian Prime Minister Sergey Koretsky said, according to a report by Russian state news agency TASS.
Koretsky said that some of Ukraine's Western partners remain willing to fund only social spending, rather than military expenditure, complicating efforts to close the budget gap, TASS reported.
The report did not detail which countries or institutions have been approached for the funding, nor did it specify a timeline by which the shortfall would need to be addressed.
Ukraine has relied heavily on financial and military assistance from Western allies, including the United States and European Union member states, since Russia's full-scale invasion began in February 2022. Officials in Kyiv have periodically flagged funding gaps as the war strains the country's finances.
TASS's report did not include additional comment from Ukrainian officials beyond the remarks attributed to Koretsky, nor did it cite a response from Western governments regarding the funding shortfall.
Sources
- Kiev, Western countries fail to find $27 bln to cover military budget shortfall — PM — TASS (Russia)
EGazette summarizes reporting from multiple sources; follow the links for the originals.
Comments
Loading comments…
Related articles
Immigrant Workers Help Ease Labor Shortages in Key German Sectors, Data Shows
Immigrant workers make up 56 percent of cooks and 55 percent of food manufacturing workers in Germany, among sectors most reliant on foreign labor, according to Anadolu Agency.

US Treasury Yields Edge Higher Amid Pressure on Global Government Bonds
Treasury yields ticked up Monday as investors positioned ahead of fresh economic data releases this week, according to CNBC.

US and China Agree to Lower Tariffs on $60 Billion of Goods
The tariff reductions cover US imports such as toys, sports equipment and Christmas decorations, while Chinese imports of US farm products are also included, according to CNBC.
Türkiye's BIST 100 index falls at weekly open
Istanbul's benchmark BIST 100 index lost around 210 points as trading opened for the week.

Australia's central bank expected to raise cash rate to 4.6%, highest since 2011
The Reserve Bank of Australia is expected to hike its cash rate to its highest level in over a decade, adding pressure to mortgage repayments and house prices, according to The Guardian.
National Bank of Pakistan issues daily currency exchange rates
NBP's selling and buying rates include the US dollar at 278.94 rupees, the bank said Monday.