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Ukraine Faces €100 Billion Defense Funding Gap in 2026
Kyiv estimates it will need more than 100 billion euros to finance its defense capabilities in 2026, as the conflict with Russia continues. Ukrainian Defense Minister Denys Shmyhal stated that if fighting persists, the country will require at least $120 billion next year. This figure, announced during the yalta European Strategy conference in Kyiv on September 14, 2025, underscores the immense financial burden the war is placing on Ukraine.
Even if a ceasefire is achieved, Shmyhal indicated that a significant sum would still be necessary to maintain a robust military and deter