Ukraine's parliament on Tuesday approved the 2025 state budget in the final reading, with planned spending for defense and security of UAH 2.23 trillion ($54 billion), the finance ministry said in a press release.
The defense spending is equal to 26.3% of Ukraine's GDP and is UAH 47.6 billion higher than spending planned for 2024.
Ukraine's President Volodymyr Zelensky has proposed to US President Donald Trump that their two countries conclude a free trade agreement (FTA), Interfax Ukraine reported on Tuesday, citing Ukraine's Deputy Minister of Economy and Trade Representative Taras Kachka.
Following his two-hour call with Russian leader Vladimir Putin on Monday, US President Donald Trump said that negotiations between Russia and Ukraine will start "immediately."
US President Donald Trump said he will speak with Russian President Vladimir Putin and Ukrainian leader Volodymyr Zelensky on Monday, after peace talks in Istanbul failed to secure a temporary ceasefire.
Russian President Vladimir Putin has approved the composition of a negotiating team for peace talks with Ukraine, expected to be held on Thursday in Istanbul, with himself not included.
Ukraine's finance ministry and Switzerland's State Secretariat for Economic Affairs (SECO) have signed a memorandum of understanding to launch the Fiscal Governance for Local Reconstruction and Recovery (FG4R) project. The four-year initiative aims to strengthen public financial management at national and local levels to support
Ukraine has received €236 million in loan financing under the World Bank's Public Expenditures for Administrative Capacity Endurance (PEACE) project, Ukraine's finance ministry said. The funding was extended by the International Bank for Reconstruction and Development (IBRD) under a guarantee from the Swedish government, the finance
The European Commission disbursed nearly €2.8 billion to Ukraine on Monday to help finance the state budget and maintain public services as the country continues to defend itself against Russia's invasion.
The governors of the European Bank for Reconstruction and Development (EBRD) reaffirmed Ukraine as the bank's top priority, pledging continued support for the country during the war and its future reconstruction, while also backing increased assistance for economies affected by conflict in the Middle East.
