Ukraine Faces Mounting Cost of War as Talks With Donors Drag On

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Ukraine faces a deepening financial hole in funding for its defense against Russia’s invasion, as it struggles to preserve access to billions of dollars in aid pledged by Western donors. The budget deficit next year is likely to be higher than previously expected, requiring additional funding from the European Union, according to people familiar with the matter who spoke on condition of anonymity. Talks with the International Monetary Fund have also faced headwinds due to politically-sensitive demands from the country’s second-largest lender.

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