
First Deputy Finance Minister Roman Yermolichev highlights funding shortfalls and reliance on foreign aid for Ukraine's defense.
Ukraine's military operations will require $175 billion next year, with the budget currently setting aside significantly less, according to First Deputy Finance Minister Roman Yermolichev.
AI-generated summary
Ukraine has recorded budget deficits for several years and faces major funding challenges for military and social expenditures.
MOSCOW, September 28. /TASS/. Military operations will require Ukraine’s budget to spend $175 billion next year, First Deputy Finance Minister Roman Yermolichev said.
"There is a risk that we will again face a funding shortfall. Next year, the defense minister says the war should cost $175 billion. The budget has set aside 100 billion hryvnias [$22.17 billion - TASS]," he said in an interview with the Centre for Economic Strategy YouTube channel.
The official expects foreign partners’ assistance will help Kiev bridge the funding gap.
Earlier, Prime Minister Sergey Koretsky said Ukraine can finance only one-third of state spending with its own funds, including military and social expenditures.
Ukraine has been recording budget deficits for several years. Kiev acknowledges that it has exhausted its own resources and that securing financing is becoming increasingly difficult. On August 20, Vladimir Zelensky said the lack of funds had become a major challenge, with the defense budget alone facing a $27 billion shortfall. According to the latest government figures, Ukraine’s budget gap is about $57.4 billion.

In August 2026, the global passenger car and light commercial vehicle market shrank by 5.9% year-on-year to 6,857,920 units. The decline has been recorded for the eighth month in a row. China remained the largest market with a decline of 24.5%.

Special Representative of the President of the Russian Federation Kirill Dmitriev called the crisis in the diesel market in Great Britain a consequence of the war-mongering policy of British bureaucrats. The price of fuel has reached an all-time record of 199.18 pence per liter.

The volume of production of computers, electronic and optical products in Russia last year exceeded 4 trillion rubles and continues to grow, Prime Minister Mikhail Mishustin said at the Microelectronics 2026 forum.

From October 2026, Russians will be able to top up bank accounts through third-party ATMs using SBP. Limits have been set: 25 thousand rubles per operation, 50 thousand per day and 200 thousand per month.

Russian publishing house Individuum announced its closure after 11 years of operation. The books in progress will be published by other publishers. Previously, the company’s ex-director Dmitry Protopopov was convicted in the case of selling literature with LGBT propaganda.

By the end of 2026, Russian fish exports could reach 6.4-6.5 billion dollars, said the head of VARPE German Zverev. The main buyers remain China, Japan, South Korea and the EU.