Ukraine needs over $32B in foreign aid next year - Rada’s Finance Committee chair

That’s according to Danylo Hetmantsev, head of the Verkhovna Rada Committee on Finance, Tax and Customs Policy, who spoke in an interview with Telegraf, Ukrinform reports.

"For 2025, we have two main risks. This is, first of all, the risk regarding the rhythm of foreign aid inflows. Because we now have scheduled needs for the next year worth over $32 billion. Of these 32 billion, we have 15 billion unconfirmed. Also, as we can see, the needs of our Army are growing significantly. So this is a lot of money, for which we don’t yet have ‘solid’ sources," Hetmantsev noted.

According to the lawmaker, another risk is related to the ability to fully fund military spending if the war lasts throughout 2025.

Geopolitical turbulence is added to the said risks. The outcome of the presidential election in the U.S. and that to the European Parliament can strengthen the positions of populists.

"Also, possible expansion of the war theater at the expense of Asia, Korea, and the Middle East could can certainly reduce support for Ukraine. We are looking at financial year 2025 with certain anxiety, and there is a lot of work ahead – that’s if there’s sufficient funding," he added.

As Ukrinform reported earlier, referring to Minister of Finance Serhii Marchenko, the amount of foreign aid for this year is set at the $ 38 billion, and Ukraine will be able to receive these funds in full, provided that the necessary reforms are implemented and relevant laws are passed.