Ukraine Projects $120 Billion Defence Budget for 2026 Amid Ongoing War with Russia

Ukraine will require at least $120 billion in 2026 to sustain its defence as the war with Russia enters its fourth year, Prime Minister Denys Shmyhal announced. He stressed that the funding is critical to maintain frontline positions, expand drone and weapons production, protect Ukrainian skies, and deter further Russian aggression.

Shmyhal warned that cutting defence spending would come at the cost of lost territory and lives. Since Russia’s invasion in February 2022, Ukraine’s defence budget has surged, with military spending now accounting for over 31% of GDP. For 2025, Kyiv allocated at least $63 billion, supported by in-kind weapon contributions from Western allies.

According to Roksolana Pidlasa, head of the parliamentary budget committee, the daily cost of war has risen to $172 million in 2025, up from $140 million in 2024. These expenses cover soldiers’ wages, weapons, and compensation for the injured and families of the fallen. “We need to mobilize every available financial source,” Pidlasa emphasized.

Ukrainian officials have repeatedly urged international partners to unlock frozen Russian assets to bolster Kyiv’s finances. With fierce battles stretching across more than 1,000 km of the frontline and intensifying Russian airstrikes on cities, the financial burden continues to escalate.

Diplomatic efforts to end the war have yet to deliver results. Meanwhile, tensions spiked this week as NATO jets intercepted Russian drones violating Polish airspace, highlighting the growing risks for neighboring countries.

“Until a diplomatic solution is found, Ukraine must keep fighting—and fighting requires money,” Pidlasa said, underscoring the massive financial strain of defending the country.