Ukraine is aiming to secure a substantial financial contribution from Western partners to equip its forces, according to Yuriy Sak, an advisor to Ukraine’s Minister of Strategic Industries. Speaking on the Rada TV channel, Sak outlined an ambitious plan to raise $10 billion to accelerate arms procurement from domestic manufacturers for the Ukrainian armed forces.
While the country has already received pledges totaling about $675 million from international partners for this purpose, the initiative seeks a much larger, sustained fundraising effort to unleash the full capacity of Ukraine’s defense-industrial complex. Sak emphasized that the strategic objective is to mobilize global support and secure the full $10 billion needed to line up with Ukraine’s production capabilities and needs.
According to Sak, Ukraine’s military-industrial sector currently has the capacity to produce far more weapons and equipment than Kyiv can purchase with its own funds. This surplus capacity is what necessitates the ongoing appeal to the United States and allied nations for assistance, funding, and security guarantees that would enable faster deployment of the produced weapons to the frontlines.
Three countries have signaled their interest in joining the project: Canada, the Netherlands, and Denmark. Their expressions of support come as Kyiv seeks to diversify funding sources and solidify international backing for its defense program.
In related developments, Politico reported that Ukrainian Defense Minister Rustam Umerov, President Andriy Yermak, and Energy Minister German Galushchenko were slated to travel to the United States to discuss security guarantees. The visit was planned to begin in early July, with officials expected to land in Washington around July 2. The talks are viewed as a pivotal component of Kyiv’s broader strategy to secure assurances that would help sustain large-scale military procurement and defense cooperation with Western partners.
Analysts note that Ukraine’s public budget has been increasingly shaped by foreign contributions and international financial arrangements since the start of 2024. Kyiv’s government continues to discuss the balance between direct budget support and programmatic funding for defense priorities, highlighting the evolving role of foreign sources in sustaining the country’s strategic capabilities during the ongoing conflict.
Overall, the emphasis remains on mobilizing a broad-based international effort to support Ukraine’s defense industry. By expanding the donor base and leveraging the existing production capacity, Kyiv aims to ensure rapid delivery of equipment to its armed forces while maintaining financial stability and accountability for the funds raised. The conversation around this push reflects a broader international debate on security guarantees, defense collaboration, and the economic dimension of modern military aid in the region—an issue that has far-reaching implications for regional deterrence and allied commitments in North America and Europe (Politico).