Budget support and recovery of Ukraine: Sergii Marchenko met with representatives of the United States, Italy, Sweden and the UK during the Ukraine Donor Platform meeting

On March 24–26, 2026, Ukraine’s Minister of Finance Sergii Marchenko held a series of meetings with international partners who arrived in Kyiv to participate in the Ukraine Donor Platform.

These discussions demonstrated the partners’ shared commitment to Ukraine’s recovery and to ensuring its long-term resilience.

The meetings were attended by Chargé d’Affaires a.i. at the U.S. Embassy in Kyiv Julie Davis, Head of the Office of International Affairs at the U.S. Department of the Treasury Jonathan Greenstein, Italy’s Special Envoy for the Reconstruction of Ukraine Davide La Cecilia and Sweden’s Special Envoy to Ukraine for Reconstruction, Business, and Development Ulrik Tideström, Director for Ukraine, Eastern Europe and Central Asia Directorate, Foreign, Commonwealth and Development Office, United Kingdom of Great Britain and Northern Ireland Sophie Guelff.

The parties discussed the negative impact of the full-scale war and systematic attacks on critical infrastructure on Ukraine’s economy and public finances. The Minister of Finance informed partners about the needs of the State Budget, particularly in the areas of social expenditures and urgent recovery.

“I am grateful to our international partners for their unwavering and comprehensive support of Ukraine since the first days of the full-scale war. Over more than four years of russian aggression, Ukraine has received over USD 173 billion in international financial assistance,” said Sergii Marchenko.

The total external financing need for 2026 remains at the level of the previous year, requiring continued consolidated support from international partners. Ongoing russian attacks on critical infrastructure are placing additional pressure on the state budget.

Among the key sources of financing for social and humanitarian expenditures, the parties reviewed the implementation status of existing cooperation programs with the EU, the IMF, and the World Bank.

Ukraine’s recovery and reconstruction needs over the next decade are estimated at USD 588 billion (according to the Rapid Damage and Needs Assessment – RDNA5), which is nearly three times Ukraine’s projected GDP for 2025. In 2025, this amount increased by 12%, from USD 524 billion at the end of 2024.

The Ukrainian side emphasized that frozen russian assets should become one of the key sources of financing for large-scale recovery. It is important to continue practical work on mechanisms for their use.

The parties also paid special attention to the progress of structural reforms aimed at bringing Ukraine closer to EU membership. Sergii Marchenko stressed that the Ministry of Finance is actively working on harmonizing Ukrainian legislation with EU law. The plan under the Ukraine Facility financial instrument envisages the implementation of reforms that lay the foundation for recovery, economic development, and further integration of Ukraine into the EU.

Following the meetings, the parties agreed on the need to maintain a systematic dialogue, united by the common goal of achieving a just and lasting peace for Ukraine as soon as possible.

The Minister of Finance of Ukraine thanked the partners for their visit to Kyiv and for the constructive dialogue on key areas of future cooperation.