The Ministry of Finance of Ukraine published an update on Finance Minister Sergii Marchenko’s bilateral meetings in Paris on the sidelines of the Group of Seven meeting of finance ministers and central bank governors. Talks with France’s economy and finance minister, the United Kingdom chancellor and the European commissioner for economy and productivity focused on Ukraine’s economic situation, the war’s impact on public finances and the country’s external financing needs over the coming years. Marchenko said security and defense will remain the top priority of the 2026 state budget, leaving Ukraine reliant on continued international assistance for social and humanitarian spending. The update highlighted the European Union’s decision to provide EUR 90 billion in financial support for 2026 to 2027, with Ukraine seeking to finalize and sign the related loan agreement. Ukraine expects to receive EUR 45 billion under that instrument this year, including EUR 28.3 billion for security and defense and EUR 16.7 billion in budget support. The ministry also pointed to the Extraordinary Revenue Acceleration loans and the Ukraine Facility as key budget financing tools since 2024, while stressing that the Ukraine Support Loan will cover only part of Ukraine’s needs. Further discussions covered continued work on mechanisms to use frozen Russian assets and structural reforms aimed at broadening revenues, improving tax and customs administration, and strengthening public financial management and public investment governance.

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