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Ukraine finance minister says country strong despite 'financial gap'

Published by Global Banking & Finance Review

Posted on May 14, 2025

2 min read

· Last updated: January 23, 2026

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Ukraine finance minister says country strong despite 'financial gap'
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Ukraine's Finance Minister Confident Despite Financial Gap

By Libby George and Karin Strohecker

LONDON (Reuters) -Ukrainian Finance Minister Serhii Marchenko said there is a "financial gap" in the country's budget for next year, but that Ukraine is stronger than it was a year ago and capable of continuing to defend itself.

Marchenko also said the minerals deal recently signed with the United States could help Washington better understand Ukraine.

"We made very good progress to strengthen our relationship," he said, referring to the United States when speaking during a panel discussion at the annual meeting of the European Bank for Reconstruction and Development in London.

"I hope it definitely can bring investment in Ukraine."

Ukraine has had a tempestuous relationship with U.S. President Donald Trump, who had promised to broker a quick end to the war with Russia after he took office in January.

Peace talks are scheduled to take place in Turkey on Thursday, but it is unclear whether Trump, Russian President Vladimir Putin or Ukrainian President Volodymyr Zelenskiy will attend.

Marchenko said Ukrainian officials had worked to cooperate with U.S. officials to exhibit their "eagerness and respect for the United States."

"It is in our interest to find all possible means - I want to stress all possible means - and to be on the same side with the United States in a way, how to help us to resolve this war," he said.

(Reporting by Karin Strohecker and Libby GeorgeEditing by Rod Nickel)

Key Takeaways

  • Ukraine faces a financial gap in its budget for next year.
  • Finance Minister Marchenko believes Ukraine is stronger than a year ago.
  • A minerals deal with the US could boost investment in Ukraine.
  • Peace talks with Russia are scheduled in Turkey.
  • Ukraine aims to strengthen ties with the United States.

Frequently Asked Questions

What is the main topic?
The main topic is Ukraine's financial gap and its implications for the country's economy and international relations.
How is Ukraine addressing the financial gap?
Ukraine is seeking to strengthen ties with the US and attract investments through a minerals deal.
What are the upcoming peace talks about?
Peace talks are scheduled in Turkey to address the ongoing conflict with Russia.

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