The EU, USA, IMF, and Japan Became Key Donors to Ukraine’s Budget During the War
The European Union, the United States of America, the International Monetary Fund, and Japan emerged as the main donors to Ukraine’s state budget during the full-scale war. Between 2022 and 2023, international partners provided Ukraine with $73.57 billion in financial support, which allowed for covering the budget deficit, making social payments, and supporting critical infrastructure. Part of this assistance was provided in the form of grants, while the other part was in the form of concessional loans.
This is reported by AgroReview
Largest Donors in 2022–2023
According to the Ministry of Finance, during the first two years of the full-scale war, the largest donors were:
- European Union — $27.49 billion,
- USA — $22.93 billion,
- IMF — $7.168 billion,
- Japan — $4.2 billion,
- Canada — $3.646 billion,
- World Bank — $2.045 billion,
- United Kingdom — $2.038 billion,
- Germany — nearly $1.7 billion,
- European Investment Bank — $720 million.
Among the smallest donors were Iceland, Albania, and Estonia, which provided the least amounts of financial support.
“According to the Ministry of Finance, which analysts rely on, in the first two years of the large war (in 2022-2023), allies directed $73.57 billion to Ukraine’s budget. This funding was used to cover the state budget deficit, ensure social expenditures, and support critical infrastructure.”
Financial Assistance in 2024–2025
In 2024-2025, the volume of international assistance further increased: donors provided $94.04 billion to Ukraine’s state budget. The largest contribution was again made by the European Union, which provided $29.45 billion. The G7’s ERA initiative played a significant role, contributing $38.93 billion. The USA allocated $7.31 billion, while Japan provided $4.773 billion. During these years, the World Bank increased its funding to $3.976 billion, surpassing Canada ($1.759 billion). In contrast, the United Kingdom reduced its support to $996 million.