Non-tax revenues hit $7.7B (34.7% of total), mainly $6.6B military aid. Grants rose 130% YoY to $2.3B, showing donor recovery. External borrowing was $6.3B, including $4.2B via ERA from frozen Russian assets, $1.7B from Canada, and $400M IMF tranche. 3/
Full-scale invasion and national resilience, broadcasted live.
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US-Ukraine mineral deal minimal impact; EU trade loss reduces GDP growth
The US-Ukraine mineral extraction deal will have minimal financial impact in 2025, while the expiration of “economic liberalization” with the EU (trade preferences loss) may cut exports by $1.5-2B and reduce GDP growth by 2.5%. 4/
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Ukraine’s Q1 defense spending surges, tax revenue beats targets
MoD spent $5.8B of international aid in Q1, over twice Q1 2024’s $2.7B. Tax revenues beat targets by 14.3% ($1.5B), boosted by a 43.7% jump in personal income tax and military fees, plus higher corporate and excise taxes – key for funding Ukraine’s defense. 2/
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Ukraine spent 75% of Q1 budget on defense, social aid cut
Ukraine spent nearly 75% of Q1 2025 budget ($20.8B of $27.9B) on defense and security, a 55% increase year-on-year. $16.4B was used by the MoD Social support fell 15.7% to $2.5B due to cuts in aid to vulnerable groups and pensions – reports KSE Institute. 1/
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Russia strikes Ukraine’s silos, ports, fields daily to erase nation
And while the world waits to act, Russia strikes Ukraine’s silos, ports, and fields — every day. This isn’t just about food. It’s about erasing Ukraine — economically, demographically, territorially. 8X
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Starvation is Russia’s favourite weapon, says The Times
Source: https://
thetimes.com/comment/column
ists/article/starvation-is-russias-favourite-weapon-mknbr8vzp
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Today’s strikes in Ukraine echo Stalin’s grain blockades
Today’s strikes echo Stalin’s grain blockades. In the 1930s, Ukrainians starved next to locked grain stores guarded by Soviet troops. Now, silos burn while Russian ships deliver wheat to boost the Kremlin’s soft power abroad. 6/
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EU to reimpose tariffs on Ukrainian grain as Russia bombs food system
And while Russia bombs Ukraine’s food system, the EU prepares to reimpose tariffs on Ukrainian grain. Meanwhile, $200 billion in frozen Russian assets lie untouched in Euroclear. The question writes itself: what is Europe waiting for? 7/
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UN reports over 50% in Kherson face food shortages
The UN says over 50% of people in Kherson face food shortages. Near the front lines, families skip meals so children can eat. No famine deaths yet — but hunger is weaponized, slow, deliberate. 5/
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Russia leverages wheat exports to gain influence in Africa
Before the war, Ukraine fed 12% of the world’s wheat supply — vital for humanitarian relief. Russia wants that market. By removing Ukrainian exports, Moscow expands its grain leverage in Africa — trading wheat for political loyalty in the UN and silence on war crimes. 3/