Ukraine’s baseline annual need for external financing remains at around $50 billion. At the same time, if the war continues, the country’s preliminary unfunded financing need for 2027 is estimated at $32.6 billion.

Ukraine’s Finance Minister Sergii Marchenko said this in an interview with Euronews, according to Ukrinform.

“We haven't had a situation like this since 2022; we really suffered from the shortage of liquidity. Right now, we are getting far too near to the same scenario we had in 2022,” he said.

The Minister noted that the intensity of Russian attacks on Ukraine increased sharply in August.

“The war has intensified very quickly. We realize that ourselves. It is a totally different reality compared with last month, with the recent attacks on our logistics. We expect a very hard winter. Escalation means we have to find the means to survive it,” he said.