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In 2025, Ukraine's economy faces significant challenges due to the ongoing conflict with Russia. An International Monetary Fund (IMF) mission is set to visit Ukraine soon, signaling potential financial aid and economic stabilization efforts. Despite the challenges, EU High Representative Kaja Kallas notes that time now favors Ukraine, as Russia's war economy weakens. Meanwhile, Russia plans to allocate 13 trillion rubles annually to defense amid an intensifying economic crisis. The EU and German Chancellor Friedrich Merz emphasize the importance of sanctions to economically exhaust Russia. Additionally, Ukrainian leaders stress the economic impact of the war, with President Zelenskyy revealing significant expenditures and advocating for economic guarantees and EU membership as foundations for peace. International support remains crucial, with Japan contributing $1.2 billion through World Bank projects to aid Ukraine’s recovery.

What are the main economic challenges facing Ukraine in 2025?

Ukraine is grappling with economic instability due to the ongoing war with Russia. Key challenges include managing expenditures on defense, gaining international financial assistance, and stabilizing its economy amidst external threats. The IMF's upcoming visit and international support play pivotal roles in addressing these issues.

How has the International Monetary Fund supported Ukraine's economy?

The IMF is preparing for a mission to Ukraine, which indicates potential financial support and policy guidance. This mission aims to help stabilize Ukraine's economy, provide funds, and restore confidence amidst the ongoing conflict dynamics.

What measures are being taken to economically weaken Russia?

The EU is preparing new sanctions that target key sectors of Russia's economy, aiming to reduce its ability to finance military operations. Chancellor Merz also emphasizes using sanctions strategically to impair Russia's military economy, effectively exhausting its economic resources.

How is Japan contributing to Ukraine's economic recovery?

Japan has committed $1.2 billion in aid to Ukraine through World Bank projects. This financial support is crucial for Ukraine's economic recovery, helping to stabilize its financial markets, improve infrastructure, and enable economic development despite the ongoing conflict.

What impact could Ukraine's potential EU membership have on its economy?

President Zelenskyy stresses that EU membership could offer significant economic guarantees, including access to EU funding and programs. This membership could stabilize Ukraine's economy, attract investments, and enhance its integration into the European market, crucial for long-term recovery and growth.

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News economics

Russia loses oil revenues amid sanctions and falling prices Russia’s budget deficit may reach 5.7 trillion rubles in 2025 Russia is rapidly losing profits from energy exports. Censor.NET reports that the decline in revenues is linked to falling oil prices and new sanctions, according to data from the Russian Finance Ministry. 1 922 10 Previously in trend: Sanctions against Russia

Politico: Republicans losing support due to indifference to domestic issues White House has acknowledged Republican mistakes in local elections, - Politico After local elections in several states, White House officials acknowledged that the Republican Party is losing voter support due to insufficient attention to domestic policy. 4 050 30 Previously in trend: US elections

Trump denied problems in the economy and announced a golden age Trump denied problems in US economy and declared "America’s golden age" Donald Trump said that the American economy is on the rise, despite analysts' warnings about the impact of his policies. 3 517 41 Previously in trend: Trump statements

Sulphur shortage in Russia Decrease in oil and gas processing in Russia leads to sulphur shortage, - intelligence Against the backdrop of declining oil and gas processing, Russian companies are losing the ability to produce sufficient volumes of technical sulphur, a key raw material for the chemical industry. 6 588 4 Previously in trend: UAV attack on oil refinery of Russia

China Russia is becoming China’s resource base, while local communities are not receiving promised benefits, - Foreign Intelligence Service Russia is becoming increasingly economically dependent on China, effectively turning into its resource base. At the same time, local communities are increasingly failing to receive the promised benefits. 2 312 8 Previously in trend: China–Russia cooperation Ukraine Intelligence

Russia is concealing information about forest fires, according to intelligence reports Russia conceals extent of forest fires, - Ukrainian intelligence The Russian authorities systematically underestimate the scale of forest fires, which cover millions of hectares of territory every year. 3 218 8 Previously in trend: Fires in the Russian Federation

Prime Minister Svyrydenko said that an IMF mission will arrive in Ukraine soon. IMF mission to visit Ukraine soon – Svyrydenko An International Monetary Fund (IMF) mission will arrive in Ukraine in the near future. 257 0 Previously in trend: Cooperation with IMF IMF financial assistance

Kaja Kallas believes that the Russian economy is weakening Time was on Russia’s side for certain period, but now it is on Ukraine’s side, - Kallas EU High Representative Kaja Kallas believes that Russia's war economy is already weak and will become even weaker. 3 312 17 Previously in trend: State of Russian economy

Putin threatens NATO again. Calls troops a legitimate target Russia’s energy crisis is pushing Putin not towards peace, but towards another escalation - Telegraph Russian dictator Vladimir Putin is losing the economic war faster than he gains any military advantage in Ukraine. Therefore, we should expect an escalation of the war. 3 784 22 Previously in trend: UAV attack on oil refinery of Russia State of Russian economy Striking Russia

salary delays Russian appealed to Armed Forces of Ukraine: "Khokhols, please hit Typhoon defence plant in Kaluga. Salaries haven’t been paid for two months". VIDEO A video posted online shows a Russian employee of the Typhoon defence plant in Kaluga calling on Ukrainian fighters to strike his factory. 10 896 29 Previously in trend: Striking Russia

The state of the Russian economy Russia plans to spend 13 trillion rubles on "defense" every year - FIS Russia’s defense spending in the next three years is planned to be around 13 trillion rubles annually, according to the draft federal budget for 2026–2028. For comparison, in 2025, it was planned to spend 13.5 trillion rubles on defense, and together with security, 17 trillion, or 8% of GDP. The actual spending turned out to be even higher. 820 2 Previously in trend: State of Russian economy

Merz proposes to economically exhaust Russia It is necessary to economically exhaust Russia so that it cannot continue war, - Merz German Chancellor Friedrich Merz believes that Russia should be deprived of the ability to support its military economy. This can be achieved through sanctions. 2 159 44 Previously in trend: Sanctions against Russia

The Belarusian economy is slowing down What is known Belarusian economy approaching stagnation, - FISU The economy of Belarus is slowing down amid problems in the Russian economy. 7 741 6 Previously in trend: State of Belarusian economy

The state of the Russian economy Kremlin cuts aid to small businesses, directs all resources to war - FISU In the first half of 2025, state support for small and medium-sized businesses in Russia fell by almost half, as the Kremlin's priority remains spending on the war against Ukraine. 1 791 5 Previously in trend: State of Russian economy

gdp,taxes,economy,accounting Russia is hiding scale of economic downturn and squandering its remaining reserves, - FISU The Russian authorities are trying to hide the real scale of the economic downturn due to the war against Ukraine, using the remaining reserves to keep the economy going. 6 475 63 Previously in trend: State of Russian economy

economic crisis in Russia Kremlin blogger on economic and political situation in Russia: "Russia is dying and it is not Khokhols, Banderovites or Americans who are destroying it". VIDEO The economic situation in the Russian Federation is critical, and the politicians of the current Russian government are leading the country to decline and complete degradation. 16 563 57 Previously in trend: Economic pressure on Russia State of Russian economy

Kaja Kallas Kallas: New EU sanctions will increase pressure on Russia’s economy High Representative of the European Union for Foreign Affairs Kaja Kallas said that the EU was preparing new sanctions that would soon seriously affect the Russian economy. 1 069 6 Previously in trend: Sanctions against Russia

Hungary will support sanctions against Russia Orban: Ukraine’s accession to EU will destroy Hungary’s economy Hungarian Prime Minister Viktor Orban has spoken out against Ukraine's accession to the European Union, saying that it could harm the Hungarian economy. 3 717 43 Previously in trend: Ukraine’s Membership in the EU

Verkhovna Rada Speaker Stefanchuk Supermarkets are full during wartime — this is thanks to Verkhovna Rada, President, and government, says Stefanchuk. VIDEO The Chairman of the Verkhovna Rada, Ruslan Stefanchuk, believes that the work of the chamber has helped to stabilise the financial and economic situation in Ukraine. 5 273 105

Zelenskyy on security guarantees Economic guarantees, including EU membership, are foundation of just peace for Ukraine, Zelenskyy said President of Ukraine Volodymyr Zelenskyy emphasized that economic guarantees should be enshrined in documents after the end of the war in order to ensure Ukraine’s access to EU funding and programs. 707 13 Previously in trend: security guarantees Ukraine’s Membership in the EU

French Prime Minister François Bayrou French Prime Minister Bayrou: US tariffs are disaster for global economy French Prime Minister Francois Bayrou expressed serious concern about the US plans to raise customs duties. 3 577 111 Previously in trend: Trumps tariffs

Trump declares state of emergency Trump declares state of emergency to protect US economy Following the introduction of large-scale duties on imported goods, US President Donald Trump has declared a state of emergency in the country's economy. 11 967 86 Previously in trend: Trumps tariffs

Hungary will support sanctions against Russia Orban on Ukraine’s EU accession: Here and now it is unthinkable. It could undermine Hungary’s economy Hungarian Prime Minister Viktor Orban said that he currently opposes Ukraine's accession to the European Union. 4 061 58 Previously in trend: Ukraine’s Membership in the EU

Zelenskyy names the costs of the war from 2022 onwards Cost of this war today is $320 billion, - Zelenskyy President Volodymyr Zelenskyy has revealed how much has been spent on the war since the start of Russia's full-scale invasion. 7 833 54 Previously in trend: War

What worries Ukrainians most. Results of survey Ukrainians are more afraid of price hikes than occupation of territories and shelling - poll. INFOGRAPHICS Ukrainians believe that the biggest challenges over the next year are price increases and the economic crisis. 11 977 263 Previously in trend: War

Zelenskyy on state of economy in 2022 Ukrainians took $35 billion abroad in the first year of Russia’s full-scale invasion - Zelenskyy President Volodymyr Zelenskyy said that in the first year of Russia's full-scale invasion, Ukrainians took $35 billion abroad. This led to the fact that Ukraine's economy "collapsed." 5 579 92 Previously in trend: Aid to Ukraine

Putin believes he has achieved his goals in war Putin believes main goals of war have been achieved. He is increasingly concerned about situation in Russian economy - Reuters Russian dictator Vladimir Putin is increasingly concerned about the situation in the Russian economy. 11 969 44 Previously in trend: War

Prime Minister of Belgium Alexander De Croix Russian economy can withstand war for at least year - Belgian Prime Minister De Croix Belgian Prime Minister Alexander De Croix has called for tougher sanctions against Russia, paying special attention to the export of liquefied natural gas and fertilizers. 4 428 12

Russian economy Russia has lost quarter of liquid assets due to war in Ukraine - Bloomberg In 2024, Russia spent almost 25% of the liquid reserves of its National Welfare Fund to support the economy in wartime and finance the invasion of Ukraine. 2 380 3

Ukraine Facility: Ukraine has to fulfill 56 steps to receive €12.5 billion 56 steps to be taken to receive €12.5 billion from EU in 2025 - Svyrydenko In 2025, Ukraine needs to fulfill 56 indicators under the Ukraine Facility program to receive €12.5 billion from the EU. 1 937 16

Japan has provided $1.2 billion in aid to Ukraine Ukraine received $1.2 billion from Japan through World Bank projects Ukraine has received about $1.2 billion from Japan through World Bank projects. 397 3 Previously in trend: Aid to Ukraine

IMF updates its forecast for Ukraine Under negative scenario, war will last until 2026 - IMF The IMF has updated its negative scenario for Ukraine: the war will last until mid-2026. 7 472 58

Scholz urges German business to invest more in Ukraine Scholz urges German business to invest more in Ukraine German Chancellor Olaf Scholz called on German businesses to invest in Ukraine. 965 11

Зупинка бронювання: як це вплине на економіку? Suspension of military exemption has destructive impact on economy and sends negative signals to investors - media Suspension of military exemption of workers has a destructive impact on the economy, as in such conditions businesses may lose the ability to maintain even the current level of production. In addition, it sends negative signals to investors and partners of Ukraine who planned to invest in our industry. 2 768 18

Нацбанк не відкидає підвищення податків National Bank does not rule out further tax increases in Ukraine The National Bank of Ukraine does not rule out the introduction of new tax initiatives in case of additional budget needs. 1 780 18

Зупинка бронювання є загрозою There is no logic in suspending military exemption of critical employees - expert Suspension of military exemption, which the government has implemented, poses a real threat to the operation of strategically important enterprises and could cause numerous disruptions in their work. Therefore, the mechanism for retaining important employees should be restored as soon as possible. 4 637 13

Бронювання від мобілізації: Через паузу підприємства можуть втратити працівників Pauses in exemption from military service threaten companies with loss of critical employees - NV It will be impossible to exempt an employee in the next three weeks as Ukraine continues to audit critical enterprises. But that's not all: after November 15, companies may lose the right to exempt employees, and the military exemption procedure may change. And while this pause lasts, companies risk facing production disruptions and the loss of critical employees. 2 789 21

На Покровському напрямку окупанти застосовують тактику "малих груп" Russian economy overheats, but Moscow can finance war against Ukraine for several more years - WP Russia can afford to wage war against Ukraine in the coming years, despite the fact that large-scale military spending is overheating the aggressor country's economy. 7 274 141

Україна повернулася до найменш економічно вільних країн Ukraine is again in group of most economically disadvantaged countries in world Ukraine has worsened its position in terms of key components of economic freedom and is once again in the group of the most economically unfree countries in the world. 4 400 34

800 тисяч чоловіків пішли в тінь, щоб уникнути мобілізації About 800,000 men went "into shadows" to avoid mobilisation - "servant of people" Natalukha The bills on economic reservation will encourage men to come out of the "shadows" and start paying taxes. 17 193 173

Глава ЦБ РФ Ельвіра Набіулліна Russian Central Bank Governor Nabiullina says last reserves of Russian economy have been exhausted The reserves of labor and production capacity in the Russian economy are almost exhausted. 30 958 122

Економіка КНДР відродилася завдяки торгівлі зброєю з РФ DPRK’s economy rebounds due to arms trade with Russia - Bloomberg North Korea's economy has revived as the arms trade with Russia has bolstered Kim Jong-un's regime. 3 482 12

Економічне бронювання буде. Зареєстровано законопроєкт Draft law on "economic booking" has been registered in Rada The Verkhovna Rada has registered a draft law that provides for the possibility of economic booking. 17 030 185

Денис Шмигаль Ukraine will need up to $30 billion in investments annually over next 10 years - Shmyhal Over the next 10 years, the Ukrainian economy will need between $10 billion and $30 billion in annual investments. 1 983 45

Партнери запевнили у допомозі до кінця 2024 року We have received assurances from our partners about assistance until end of 2024 - Marchenko Ukraine has received assurances that it will receive the necessary financial assistance by the end of 2024. 1 061 4

Директорка Департаменту з питань комунікацій МВФ Джулія Козак IMF: Russia’s missile strikes may affect macroeconomic forecasts for Ukraine The International Monetary Fund is monitoring the massive missile and air strikes on Ukrainian civilian infrastructure and does not rule out that this could affect Ukraine’s macroeconomic outlook in the near term. 977 2 Economics

шмигаль More than 90% of Ukrainian enterprises have resumed work and are reaching pre-war capacities, - Shmyhal Currently, 90% of enterprises in Ukraine have already resumed operations and are returning to pre-war capacities. Construction, agriculture, domestic trade and manufacturing are showing the fastest recovery rates 1 517 37 Economics

військовий,мобілізація,квиток Ukraine is moving towards total mobilization - "servant of people" Dunda. VIDEO The country is gradually approaching total mobilization, which will involve focusing the economy on domestic production. 49 709 152 Previously in trend: War

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