Ukraine faces bankruptcy with funds lasting only until June – "We will lose the country"

As the Russian army intensifies its operations and advances across the vast front, Ukraine finds itself confronted with an even more dangerous development: the risk of bankruptcy! According to Bloomberg, the country possesses sufficient funds to cover its military expenditures only until June, as Kyiv faces significant delays in Western financing. The country's budget deficit has already reached $52 billion, while at least $120 billion is required to sustain ongoing military operations. At the same time, the Ukrainian Parliament (Verkhovna Rada) estimates that the nation is "on the brink of economic catastrophe," while President Volodymyr Zelensky linked the dire situation to the shift of Western attention toward the Middle East.

Money until June

Ukraine may soon find itself without the resources necessary to conduct military operations, as available capital is expected to be exhausted before the start of summer, according to Bloomberg, citing sources. "Currently, Kyiv has enough funds to cover expenses only until June," the report states. The same outlet emphasizes that financial support from Kyiv's Western allies is "crucial for maintaining Ukraine's combat capability." However, recent events have "significantly limited the room for maneuver." Specifically, Hungary has blocked a €90 billion loan. Ukraine also risks losing $8.1 billion from the International Monetary Fund (IMF) due to delays by the Verkhovna Rada in passing unpopular tax laws. Additionally, some NATO allies are reluctant to allocate further funding for the US weapons procurement program.

Ukraine will need $52 billion in foreign aid this year, while at least $120 billion is required to conduct military operations, stated Energy Minister and former head of the Ministry of Defense, Denys Shmygal. At the same time, MP Vadym Ivchenko warns that the failure to approve the budget in April will severely damage the military. He clarified that this would hit the contract army, as well as the salaries of military personnel, which would become impossible to pay. "We spoke with the Commander-in-Chief of the Armed Forces of Ukraine, and he told us that next month is vital regarding the adoption of a new budget or changes to the Ministry of Defense budget," the deputy added.

Pressure from the IMF

Meanwhile, Verkhovna Rada deputy Yaroslav Zheleznyak revealed details of a meeting between Prime Minister Yulia Svyrydenko, Finance Minister Serhiy Marchenko, and parliamentary factions. Officials confirmed that the current deficit amounts to $52 billion. "This means we need to receive $5 billion every month," he noted. Ukraine is also lagging in funding through the Ukraine Facility program and World Bank projects totaling $3.5 billion. According to Zheleznyak, the Cabinet requested that the Verkhovna Rada approve the tax measures requested by the IMF via an expedited process between April 7 and 9, ahead of a meeting with IMF representatives on April 13. Delays could lead to a reduction in social benefits. Svyrydenko also mentioned that if Hungary's veto is lifted, Ukraine might receive the first €90 billion installment only in the summer. Previously, the Chairman of the Finance Committee of the Verkhovna Rada, Danylo Hetmantsev, stated that Ukraine is "on the brink of economic catastrophe." "This is how we might lose the country," he warned!

Iran held responsible

Ukraine is not receiving funding or missiles for its air defense systems due to US and Israeli military operations against Iran, Zelensky stated. "The distraction of attention moves us to the background in terms of priorities, especially since this is a war involving the United States, which for a long time was the main supporter of Ukraine," he said in an interview with Le Monde. According to him, the lack of Western financing also affects the production of drones. At the same time, the Ukrainian military is facing fuel shortages due to the crisis in the Middle East, according to Politico. Military officials reported that the sharp rise in fuel prices is already negatively affecting the resupply of tanks, artillery, and armored personnel carriers. "Fuel prices are terrifying... even the armed forces have very limited reserves," a source said. Meanwhile, US President Donald Trump confirmed that he might redirect weapons intended for Ukraine to the Middle East, although he emphasized that Washington continues to support Kyiv.

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