Ukraine needs at least $120 billion for defence next year, minister says

By Thomson Reuters Jul 22, 2025 | 2:54 AM

KYIV (Reuters) -Ukraine will need at least $120 billion for defence spending next year, Ukrainian Defence Minister Denys Shmyhal said on Tuesday.

Negotiations are ongoing with NATO and EU members as Ukraine seeks $60 billion in funding from partners, he added in a statement on the Telegram messaging app.