Editorial & Advertiser disclosure

Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Headlines

Ukraine needs at least $120 billion for defence next year, minister says

Published by Global Banking & Finance Review

Posted on July 22, 2025

1 min read

· Last updated: January 22, 2026

Add as preferred source on Google

Ukraine needs at least $120 billion for defence next year, minister says

Government funding debt instruments financial community international financial institution

Global Banking & Finance Awards 2026 — Call for Entries

KYIV (Reuters) -Ukraine will need at least $120 billion for defence spending next year, Ukrainian Defence Minister Denys Shmyhal said on Tuesday. Negotiations are ongoing with NATO and EU members as

Ukraine needs at least $120 billion for defence next year, minister

KYIV (Reuters) -Ukraine will need at least $120 billion for defence spending next year, Ukrainian Defence Minister Denys Shmyhal said on Tuesday.

Negotiations are ongoing with NATO and EU members as Ukraine seeks $60 billion in funding from partners, he added in a statement on the Telegram messaging app.

(Reporting by Anastasiia Malenko; Editing by Andrew Heavens)

Key Takeaways

Ukraine needs $120 billion for defence in 2024.
Negotiations with NATO and EU for $60 billion are ongoing.
Defence Minister Denys Shmyhal made the announcement.
Funding is crucial for Ukraine's military needs.
The statement was shared on the Telegram app.

Frequently Asked Questions

How much funding does Ukraine need for defense next year?

Ukraine will need at least $120 billion for defense spending next year, according to Defense Minister Denys Shmyhal.

What is Ukraine seeking from its partners?

Ukraine is seeking $60 billion in funding from NATO and EU partners as part of ongoing negotiations.

Who reported on Ukraine's defense funding needs?

The information was reported by Ukrainian Defence Minister Denys Shmyhal in a statement on Telegram.

More from Headlines

Explore more articles in the Headlines category

UK's Starmer and Trump discuss 'urgent need' to restore shipping in Strait of Hormuz

Pope Leo says those who wage war are thieves stealing away our peaceful future

King Charles relieved Trump and first lady unharmed after shooting

Northern Ireland police investigate car explosion as attempted murder

UK says cooperating closely with US on security ahead of King Charles' visit

Israeli attacks kill at least four Palestinians in Gaza, medics say

Six passengers injured evacuating from Swiss Air flight in India, Economic Times says

Trump removed from White House correspondents dinner as attendees take cover

Car explodes outside police station in Northern Ireland, Belfast Telegraph reports

US-Iran peace hopes fade as Trump scraps talks

Ukraine marks 40th anniversary of Chornobyl disaster under cloud of war

Russia's parliamentary speaker visits Pyongyang, KCNA says

View All Headlines Posts

Ukraine needs at least $120 billion for defence next year, minister says

Ukraine needs at least $120 billion for defence next year, minister

Key Takeaways

Frequently Asked Questions

Tags

Related Articles

Buckingham Palace says King Charles' trip to the US to go ahead

Italy to extradite suspected Chinese hacker wanted by US authorities, says source

Soccer-Chelsea reach FA Cup final with 1-0 win over Leeds

Netanyahu's biggest rivals join forces for Israel's next election

Israel issues evacuation warning for seven Lebanese towns beyond 'buffer zone'

Athletics-Kenya's Sawe shatters elusive two-hour marathon barrier to win in London

More from Headlines