Ukraine seeks early EU loan funds as Fedorov courts U.S. defence investment

  • Yevhenii Khmara said Ukraine will seek earlier EU loan funding, larger allied contributions and support from additional countries.
  • The requested financing is aimed in part at covering a $27 billion military budget deficit, while the EU has committed €90 billion through 2027.
  • Former defence minister Mykhailo Fedorov is seeking U.S. and other Western capital for a defence technology fund and weapons development companies.

Ukraine is seeking earlier access to part of a €45 billion European Union loan planned for next year, larger allied contributions and support from countries that have not yet provided assistance, as it faces a $27 billion military budget deficit in the fifth year of its war with Russia. New Defence Minister Yevhenii Khmara said Kyiv would present partners with a detailed plan for using additional resources, including expanded long-range drone strikes and measures to address shortages of manpower and air defences. Separately, former Defence Minister Mykhailo Fedorov is seeking U.S. investment for a defence technology fund and Western capital to build and manage weapons development companies, without disclosing whether he would benefit financially or detailing his oversight role.

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