Ukraine faces severe budget constraints as war escalates

Ukraine is experiencing a severe budget crisis as Finance Minister Sergii Marchenko warns of tight financial constraints. The country may need to cut non-military spending due to a projected funding shortfall of €32.6 billion by 2027. With escalating Russian attacks, Marchenko urges European ministers to consider utilizing frozen Russian assets to alleviate financial pressures. Deputy Prime Minister Vsevolod Chentsov emphasizes that frontloading the EU's €90 billion loan is not a complete solution, and Ukraine is seeking additional support from non-EU partners.