The European Council is preparing a decision on financing Ukraine's needs in 2026-2027, including the procurement of military equipment. European Council President António Costa stated that support would continue "as long as it takes," and President Volodymyr Zelenskyy emphasized the need to increase pressure on Putin.
Ukraine received 46. 1 million euros in loan funds from the European Investment Bank for four projects to support urban development. The funds were transferred to the special fund of the state budget and are intended for the reconstruction of water supply, sewerage, energy efficiency, and the purchase of public transport.
A new UN-backed forum has been launched to tackle debt problems in developing countries. Global public debt reached $102 trillion in 2024.
Of the EU's 185 billion euro reparations credit, 40 billion will cover Ukraine's budget needs, 100 billion will go to military needs, and 45 billion euros will cover the ERA program. The European Commission is working on the implementation mechanism, and the instrument is expected to become available in the first quarter of 2026.
The Deputy Minister of Finance of the Russian Federation urges citizens to buy federal loan bonds and gold to "patch up" the budget deficit. This will allow the Kremlin to continue financing the war, shifting the burden onto the population.
Most Russian regions had exhausted their financial reserves by September, and six constituent entities of the federation had less than one percent of their annual budget in their accounts. The total deficit of regional budgets increased to 724.8 billion rubles, and revenues fell in 26 regions.
MP Andriy Odarchenko, convicted of bribery, is trying to retain control over the State Biotechnological University by promoting his people to leadership positions.
The draft Budget 2026 has been adopted in its first reading. 256 deputies voted in favor.
