Kyiv, Ukraine – Ukrainian President Volodymyr Zelensky has announced that the annual cost of the ongoing conflict with Russia stands at $120 billion, with half of this amount currently covered by Ukraine's national budget. Speaking on September 17, 2025, during a meeting with European Parliament President Roberta Metsola, Zelensky emphasized that an additional $60 billion is required for the upcoming year to continue the fight.
President Zelensky outlined the nation's strategic approach, stating, "Our Plan A is to end the war, Plan B is $120 billion." This declaration highlights the immense financial burden on Ukraine and its critical dependence on international financial assistance to maintain its defense capabilities and broader state functions.
The $60 billion sought from international partners is crucial for both military aid, including advanced weapons systems, and to cover essential non-military budget expenditures. Ukraine's defense spending already consumes a significant portion of its economic output, making external support indispensable for its survival and continued resistance.
Reports indicate that the overall cost of the war to Ukraine has reached hundreds of billions, with a substantial portion covered by Western allies. The necessity for sustained funding underscores the ongoing intensity of the conflict and the continuous need for resources to counter Russian aggression, produce drones, and protect Ukrainian airspace.
Finance Minister Marchenko has reportedly been preparing the 2026 state budget with the expectation that the war will persist throughout the next year. The appeal for $120 billion reflects the grim reality of prolonged warfare and the significant financial commitment required to safeguard Ukraine's sovereignty and security.