The Ministry of Finance of Ukraine said Finance Minister Sergii Marchenko used a G7 finance ministers and central bank governors meeting in Paris to set out Ukraine’s current wartime financing and economic needs. He said total external financing needs for 2026 to 2027 amount to USD 95 billion, with USD 52 billion for 2026 already secured, and stressed that continued international support remains critical for state functioning, macroeconomic stability, and social and humanitarian spending. Marchenko linked the financing request to continued Russian attacks on civilian and energy infrastructure and highlighted the need for rapid mechanisms to fund energy system restoration before the next winter season. He said Ukraine’s gross domestic product fell in the first quarter of 2026 and inflation accelerated in April after several months of easing, while state budget revenues for the first four months of 2026 rose 17.2% from a year earlier. He also welcomed the European Union’s decision on the Ukraine Support Loan mechanism, which he said is expected to be a key instrument for macrofinancial stability in 2026 to 2027, and called on partners to create conditions for the use of frozen Russian assets for Ukraine. The minister also reiterated Ukraine’s commitment to reforms and said work with Parliament and international partners is continuing to meet structural benchmarks and support long-term public finance resilience. An International Monetary Fund mission is expected to visit Ukraine soon to prepare for the next review under the Extended Fund Facility program.

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