Over 50% of Ukraine's state budget spent on defense, boosting capabilities six-fold. 1.2 million drones procured, with $41.7B international aid secured.
Ukrainian Prime Minister Denys Shmyhal announced that over half of the country’s state budget in the past year was allocated to defense.
“More than 50% of state budget expenditures this year were dedicated to defense—every single hryvnia collected domestically,” Shmyhal stated during a government meeting, excerpts of which he shared on Telegram.
He highlighted that increased investments by the state and private sector have boosted Ukraine’s defense industry capabilities six-fold. Currently, more than 800 state-owned and private companies are involved in the defense sector.
Shmyhal also revealed that over 1,000 types of weapons and equipment have been approved for use, with half of these being produced domestically.
Regarding drones, he noted that over 96% of production in the sector is domestic, and the Army of Drones initiative has successfully procured more than 1.2 million drones.
On the topic of financial stability, Shmyhal emphasized that all priority expenditures are fully funded, with Ukraine securing $41.7 billion in international aid from its partners.
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Ukraine has carried out its first aerial drone strike on a Russian “shadow fleet” oil tanker in the Mediterranean Sea, reflecting a growing intensity in Kyiv’s attacks on Russian oil shipping, officials said on Friday (19 December).
Ukrainian President Volodymyr Zelenskyy arrived in Poland on Thursday following a summit of the European Council in Brussels.
Russia’s latest attacks on Zaporizhia come as European leaders gather in Brussels to discuss the possible use of frozen Russian assets to support Ukraine’s war effort, while Washington explores parallel diplomatic channels with both Kyiv and Moscow.
A sweeping $901 billion defence policy bill has been approved by the U.S. Senate on Wednesday, clearing the way for President Donald Trump to sign it into law.
Ukraine has welcomed the European Union’s decision to provide €90 billion in support over the next two years, calling it a vital lifeline even as the bloc failed to reach agreement on using frozen Russian assets to finance the aid.
European Union foreign policy chief Kaja Kallas has warned that attempts to reach a peace agreement in Ukraine are being undermined by Russia’s continued refusal to engage meaningfully in negotiations.
Petroleum products are being transported by rail from Azerbaijan to Armenia for the first time in decades. The move is hailed as a tangible breakthrough in efforts to normalise relations between the long-time rivals.
Chinese Foreign Minister Wang Yi has held a phone conversation with his Venezuelan counterpart Yvan Gil at the latter’s request.
U.S. President Donald Trump delivered a wide-ranging address from the White House in which he sought to highlight what he described as his administration’s achievements while laying the groundwork for his plans for the year ahead and beyond, on Wednesday (18 December).
U.S. intelligence sources indicate that Russian President Vladimir Putin still intends to take control of all of Ukraine and reclaim parts of Europe that once belonged to the Soviet Union. These assessments contradict Putin’s repeated claims that he poses no threat to Europe.
UN Secretary-General Antonio Guterres has issued a stark warning over the humanitarian situation in the Gaza Strip.
The United States says it is working to secure a renewed ceasefire between Thailand and Cambodia, expressing cautious optimism that an agreement could be reached early next week, Secretary of State Marco Rubio said on Friday.
Iran has called for greater international support in hosting millions of Afghan refugees, warning that it is becoming increasingly difficult to manage the long-term humanitarian burden without a fair sharing of responsibilities.
Ukraine has carried out its first aerial drone strike on a Russian “shadow fleet” oil tanker in the Mediterranean Sea, reflecting a growing intensity in Kyiv’s attacks on Russian oil shipping, officials said on Friday (19 December).
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