Analysis-Ukraine's huge financing gap set to widen as war heats up and reforms stall


  • World
  • Thursday, 31 Jul 2025

FILE PHOTO: Ukraine's President Volodymyr Zelenskiy speaks during a press briefing following phone calls with U.S. President Donald Trump, amid Russia?s attack on Ukraine, in Kyiv, Ukraine, May 19, 2025. REUTERS/Thomas Peter/File Photo

KYIV (Reuters) -Ukraine's financing gap will widen significantly next year if Russia keeps up its intense attacks across the country and the government fails to act on demands for reform from foreign lenders, analysts say.

The government spends most state revenues on the army and finances social and humanitarian spending with foreign aid, which state data shows has totalled $139 billion since Russia launched its full-scale invasion in February 2022.

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