Russia’s energy revenues crash by 19% as war devours civilian budget
With gas exports to Europe halved and oil profits plunging, the Kremlin raids its welfare fund while fueling the front.
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Ministry of Finance
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Ukraine has funds and weapons to fight through mid-2025, Finance Minister says
As the US presidential transition approaches, Ukraine's leadership remains confident in its ability to sustain military operations at least until July 2025
Ukrainians financed defense needs by $ 7 billion in 2024
Government war bonds have channeled billions into Ukraine's military supplies and equipment in 2024.
Ukrainian investments in military bonds surge by $ 385 million in July
In July, Ukrainian citizens and businesses increased their military bond investments by about $127 million and $258, signaling strong financial support for national defense needs, Ukraine's Finance Ministry says.
The Economist: Ukraine faces potential default as debt freeze is set to expire in August
Despite substantial military aid and earmarked funds from allies, only a fraction of the assistance is being provided as direct cash support to the Ukrainian government.
Ukraine squeezes every last drop for defense in 2024 budget, Russia still 2.5x more
Ukraine is funneling 81% of all tax income to defense in 2024, still counting on $29 bn in aid from partners as Russia boosts military spending
Ukraine’s parliament replaces ministers of health and finance only 4 weeks after their appointment
The reason for the swift dismissals is unclear. According to President Volodymyr Zelenskyy, it was “because of some…