economy
March 28, 2026
Ukrainian MP warns of ‘financial catastrophe’ as Kiev struggles as billions in Western aid are at risk
Kiev risks losing significant Western financial support due to stalled reforms, Daniil Getmantsev warns
TL;DR
- Ukraine is at risk of losing billions in Western funding due to a failure to implement key reforms.
- The country has missed 14 indicators for the EU's Ukraine Facility, resulting in the loss of €3.9 billion.
- Failure to pass four laws related to e-finance and railway transport could cost Ukraine $3.3 billion in World Bank financing.
- The IMF credit line is also in jeopardy due to the late submission of key tax legislation.
- A €90 billion reparations loan from the EU is on hold due to Hungary's veto, stemming from a dispute over the Druzhba pipeline.
- The financial issues could lead to the country's complete collapse, with a projected budgetary deficit of around $53 billion for 2025-2028.
- Systematic work, European integration, deregulation, pension reform, and an audit of state expenditures are called for.
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