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Ukraine receives IMF cash cushion as huge funding gap remains unsolved

The IMF gave the green light to a new four-year lending agreement last week, days after Hungary stalled a European loan of 90 billion euros ($105 billion) intended to cover a large share of Ukraine's defense and budgetary needs through 2027. Without it, Ukraine's coffers could run dry by mid-2026.

About Ukraine

The Kyiv Independent delivers reliable news, context, and on-the-ground reporting from Ukraine. The largest country located entirely in Europe, Ukrainian territory covers 603,628 square kilometers (233,062 square miles), and is bordered by seven countries, namely Russia, Belarus, Poland, Slovakia, Hungary, Romania, and Moldova. Ukraine traces its history back to the medieval state of Kyivan Rus.

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Russia's image as a reliable ally has suffered yet another blow as Supreme Leader Ayatollah Ali Khamenei was killed in joint U.S.–Israeli strikes across Iran on Feb. 28, marking a fresh outbreak of hostilities in the Middle East. So far, Moscow's response to the U.S.–Israeli bombardment of hundreds of targets in Iran has been limited to diplomatic support for Tehran, even as U.S. President Donald Trump has openly called for a change of regime. The latest development highlights Iran's junior ro

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