on July 24, representatives of the European Union notified the Ukrainian government through diplomatic channels that all financial support to Ukraine had been suspended. This information was confirmed by four independent sources - in the government, diplomatic circles and parliament. This was reported by "Economic Pravda", Dengi.ua .
It is noted that the EU's share in the ERA Loans program, under which Ukraine expected to receive about $20 billion by the end of 2025, falls under the freeze first of all. Loans from the European Investment Bank and the European Bank for Reconstruction and Development are also in question. In addition, the sources said that financing under the Ukraine Facility may also be jeopardized. However, according to them, the suspension of payments under this program is technically complicated by the lack of clear legal procedures for its blocking.
It is reported that the only way to avoid such a development is to roll back the controversial legislative changes and restore the independence of the National Anti-Corruption Bureau of Ukraine (NABU) and the Specialized Anti-Corruption Prosecutor's Office (SAP) from the Prosecutor-General's Office. The bill to this effect has already been submitted by the president to the Verkhovna Rada, and it is scheduled for a vote on July 31 - in the first and second readings at once.
At the same time, it is noted that in 2025 Ukraine planned to attract about 12.5 billion euros from the EU within the Ukraine Facility and another 17.2 billion euros through ERA Loans - a total of almost 30 billion euros, which is a significant part of the planned budget deficit. To date, some of the funds have already been received. According to the Finance Ministry, Ukraine has received €3.7 billion under the Ukraine Facility program, as well as €8 billion directed from frozen Russian assets. However, about 18 billion euros in the main areas of aid remain under-received.
In addition, as the publication writes, this is only part of the possible problems: in 2026, the state will face an even more serious shortage of funds. Even if EU funding is restored, Ukraine has no confirmed sources to cover the budget deficit of about $19 billion. Without European support, this figure may rise to $40bn, according to a source with knowledge of the structure of state finances.
It is also reported that the situation is also complicated in relations with other donors. First of all, with the International Monetary Fund (IMF). Even if the controversial law had not been passed, Kiev would still have to negotiate a new loan program with the IMF, as it will not be able to meet the requirement to reduce the deficit to 10% of GDP in 2026. With political changes, such negotiations become even more difficult. Without IMF support, access to financing from other partners, including Japan, Canada, Norway and several other countries, will also be difficult.
"The law subordinating the anti-corruption infrastructure to the attorney general could cost the state more than $60 billion in funding between 2025 and 2026. Obtaining these funds is critical to the state's ability to carry out its functions and fund everything from subsidy payments to debt service," the EP emphasizes.