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Ukraine's Economy Under Fire, Zelensky Requests Billions from EU
Russia and Ukraine are engaged in an attrition war targeting each other's economies, with Russian strikes on Ukrainian commercial infrastructure causing estimated damages of 10 billion euros by year-end. President Volodymyr Zelensky urged European partners to accelerate the second tranche of a 90 billion euro EU loan to cover a 23 billion euro defense budget gap, warning that delays would prevent the purchase of drones and missiles this autumn. Prime Minister Serhij Koretsky announced that only essential government expenditures will be approved, delaying non-critical infrastructure repairs. While EU leaders agreed to 6.6 billion euros in military aid, they require Ukraine to implement reforms first. The crisis has reignited debates over using frozen Russian assets for reconstruction, though no immediate consensus exists among EU member states.
Ozetta summarises; the reporting is the newsroom's