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Ukraine Faces $6.9 Billion Defense Shortfall Amid War

1/15/2026

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Fedorov Addresses Military Crisis
  • Ukraine's new defense minister Mykhailo Fedorov outlined severe military challenges, including a 300 billion hryvnia ($6.9 billion) funding shortfall and defense expansion from seven drone companies to nearly 500 since February 2022.
  • He reported 200,000 desertions and 2 million draft-dodgers amid Russia's invasion.
  • Fedorov cited excessive bureaucracy and outdated management as key reform obstacles.
  • The European Union pledged to support Ukraine's military and economy through a new loan program.
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