Ukraine to receive 1.1 billion from IMF
Source: Denys Shmyhal/Telegram
Ukraine has reached a preliminary agreement with the International Monetary Fund, IMF, that will see the war-torn country receive a financial aid package of $1.1 billion as part of the Extended Fund Facility program, according to Ukraine’s prime mininster Denys Shmyhal.
Breaking the news on his Telegram channel, the prime minister said ‘the country continues its major reforms and the international partners are lending their support along the way”
The deal was reached after the IMF Mission visit to Kyiv earlier this month.
“The war in Ukraine continues to have a devastating impact on the country and its people,” said Gavin Gray, head of the IMF monitoring mission in Kyiv for the program’s review. Notably, this was the IMF’s first full-fledged mission in Kyiv since the start of the full-scale invasion.
The institution plays a crucial role as Ukraine’s key international creditor, and the four-year $15.6 billion EFF program is a central part of a broader global financial support package for Ukraine.
After the start of the full-scale invasion in February 2022, Ukraine witnessed an unprecedented wave of private support for the army. Citizens, big businesses, charitable foundations, and international philanthropists began financing the country’s defense alongside state assistance provided by international partners. Estimates of total private contributions range from tens to hundreds of billions of hryvnias. However, determining the exact amount remains difficult. In many cases, companies combine military aid, humanitarian programs, tax payments, social spending, and employee support in their reporting.
Rinat Akhmetov’s military initiative, “Steel Front”, has delivered a batch of drones worth UAH 214 million to the 1st “Azov” Corps of the National Guard of Ukraine. This shipment is part of the Metinvest Group’s ongoing support for the unit in 2025.
On October 6, the Administrative Cassation Court within the Supreme Court of Ukraine continued hearing case No. 990/80/25, in which the fifth President and leader of the party “European Solidarity”, Petro Poroshenko, seeks to have Presidential Decree No. 81/2025 from February 12, 2025 — enacting sanctions by the decision of the National Security and Defense Council (NSDC) — declared illegal and annulled. The plaintiff claims the document was falsified and that the sanctions are a tool of political persecution of the opposition, contrary to international norms. Government representatives deny the allegations and insist their actions were lawful. Journalists of Bukvy were present at the hearing.
Rinat Akhmetov’s Metinvest Group has completed the construction of an upgraded underground NATO Role 2 hospital in one of the hottest sectors of the frontline. This is the second stabilization point established under the Steel Front initiative in cooperation with the Medical Forces of the Armed Forces of Ukraine. The new facility, funded by Metinvest with an investment of UAH 21 million, is more secure than the first one thanks to its deeper location underground (over 6 meters) and additional fortifications.
Five armored vehicles “Kozak” have received a new mission – thanks to the support of Metinvest, they have been upgraded to full-fledged command and staff vehicles. These upgraded vehicles are now operating on the front line.