Ukraine approves record 97.2 billion dollar defense budget
Ukrainian lawmakers approved a 34.7 billion dollar increase in defense spending following the release of a 90 billion euro European Union loan. The total military budget will reach a record 4.37 trillion hryvnias this year as the country expands its security operations.
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Ukraine lawmakers approved an additional 1.56 trillion hryvnias ($34.7 billion) for the 2026 defense budget on Wednesday. Total military spending is set to reach a record 4.37 trillion hryvnias ($97.2 billion) for 2026, up from a previously forecast $64 billion. The funding increase follows the unlocking of a €90 billion European Union loan backed by frozen Russian assets.
