Mette Frederiksen warns of acute funding crisis for Ukraine

Danish Prime Minister Mette Frederiksen has issued an urgent warning regarding Ukraine’s financial stability, stating that the nation is effectively running out of money to sustain its defense against Russia.

Speaking ahead of an EU summit in Brussels, Frederiksen emphasized that Ukraine can no longer afford to purchase or produce the necessary supplies for its defense. She noted that Russia is intensifying its strikes, creating an “acute problem” regarding financing for 2026 and the necessity of securing sufficient funds for 2027.

While 24 EU member states previously agreed to a 90 billion euro loan to cover two-thirds of Ukraine's needs for 2026 and 2027, Frederiksen noted that international partners outside the EU have been slow to provide funds. Ukraine estimates it could face a deficit of up to 78 billion dollars by 2027 for its economy and defense.