Sergii Marchenko: Ukraine counts on partners’ support in approving the decision on providing a Reparations Loan in the near future

On 24-25 November, Minister of Finance of Ukraine Sergii Marchenko held a series of meetings with international partners who arrived in Kyiv to participate in the Ukraine Donor Platform.

These discussions underscored the shared commitment to Ukraine’s recovery and long-term resilience.

In particular, the Minister met with Director of the Eastern Europe and Central Asia Department of the UK Foreign, Commonwealth and Development Office  Ben Fender, Special Envoy of the Kingdom of the Netherlands for Ukraine Joost Klarenbeek, Italy’s Special Envoy for Ukraine’s Reconstruction Davide La Cecilia, French Special Envoy for Ukraine’s Relief and Reconstruction Pierre Heilbronn, and Special Envoy of Sweden for Reconstruction, Business and Development in Ukraine Ulrik Tideström.

The parties discussed the outcomes of the Ukraine Donor Platform meeting, the state of Ukraine’s financial system, budget needs for 2026-2027, and the preparation of a new cooperation programme with the IMF.

On 24 November, the fifteenth meeting of the Steering Committee of the Ukraine Donor Platform took place in Kyiv, bringing together representatives of the Government of Ukraine, G7 countries, the European Union and international financial institutions.

“I am grateful to our international partners for their unwavering and comprehensive support for Ukraine from the earliest days of the full-scale invasion. Over nearly four years of russia’s aggression, Ukraine has received more than USD 160 billion in international financial assistance, enabling us to endure and maintain financial stability. Today, the Government of Ukraine continues to rely on strong partner support, particularly regarding the approval of a decision on providing a Reparations Loan,” Sergii Marchenko underlined.

Special attention during the meetings was given to Ukraine’s budgetary needs for 2026-2027. The Minister noted that the security and defence sector (over USD 61 billion) remains the main priority of State Budget expenditures and will be financed from domestic revenues. To cover social and humanitarian spending, the Government requires substantial international support.

Among the sources for securing the necessary level of social and humanitarian expenditures, the parties discussed the launch of a new IMF programme and the provision of the Reparations Loan. The latter may become one of the key financing sources for next year. Both international partners and Ukraine consistently emphasise that russia must bear financial responsibility for its aggression against Ukraine.

Attention was also given to the need to further increase domestic revenues. Sergii Marchenko highlighted the positive dynamics of tax receipts: in 2025, domestic revenues grew by 25% compared to the same period in 2024. This was made possible due to improved administration, economic de-shadowing and increased revenues from state-owned enterprises.

International partners reaffirmed their full support for Ukraine’s EU integration aspirations and their readiness to continue contributing to achieving a sustainable and just peace.