European Commission President Ursula von der Leyen will meet with US President Donald Trump on Sunday to discuss the prospects for a trade agreement between the EU and the US. Von der Leyen announced this on Platform X on Friday evening.
“After a productive conversation with the US president, we agreed to meet in Scotland on Sunday to discuss transatlantic trade relations and how we can keep them strong,” von der Leyen wrote on X.
Ukraine’s real deficit to cover all military and budget expenditures, which must be covered by foreign aid in 2025-2026, is approximately equal to the 2024 figure and amounts to about $90 billion annually, according to Alexander Paraschiy, head of the analytical department at investment company Concorde Capital.
“Ukraine’s total need for external assistance, both financial and military, averages approximately $90 billion for 2024, 2025, and 2026,” he said during a discussion titled “What awaits the economy in 2025 and beyond,” organized by the Center for Economic Strategy on Friday.
Parashchiy noted that in 2024, defense and security spending amounted to approximately $95 billion, this year it is likely to increase to $100-105 billion, and in 2026, according to the new Minister of Defense Denys Shmyhal, the need could reach $120 billion.
He recalled that other state budget needs amount to approximately $42 billion, while Ukraine will be able to collect about $55 billion this year through taxes, fees, dividends, and financing from the NBU’s profits.
“That means we have a hole of about $142-55 billion, which is much more than the financial deficit figure,” the Concorde Capital analyst explained his calculations.
According to him, this need will be covered this year mainly through the EPA program (via frozen Russian assets) and the EU’s Ukraine Facility program, as well as the remainder of previously approved military aid from the United States.
“Let’s hope that the new administration (in the US) will still provide assistance under the new programs. But the biggest question now, unfortunately, is the financing of the war in 2026, because our total need for both financial and military assistance next year could reach $100 billion. And how to cover this need, unfortunately, remains a very big question,” Parashchiy concluded.
As reported, this week Ukrainian President Volodymyr Zelensky said that Ukraine needs to cover a deficit of $65 billion per year, of which $40 billion is for budget needs and $25 billion is for domestic defense production.
On July 12, Rush LLC, owner of the EVA chain in Ukraine, opened its first store of the new compact format “EVA поруч” in the village of Zazimya in the Brovarsky district of the Kyiv region, according to the company’s press service.
By the end of 2025, the chain plans to open 10 EVA Nearby stores. The next openings are already scheduled for July in the Kyiv region in the village of Sofiivska Borshchahivka (Bucha district) and in the village of Hatne (Fastiv district).
It is specified that the experimental format of the compact “EVA Nearby” store will have an average area of about 60 square meters, which is 3-4 times less than a standard EVA store.
“This format is designed to help us meet consumer needs where this was previously impossible due to a lack of space sufficient to open a regular EVA store. EVA Nearby will ensure our presence where it is important to shoppers,” said Viktor Sredniy, COO of the EVA chain.
The range will include around 2,000 SKUs (15-20,000 SKUs in full-format stores). However, the compact format will also feature unique offers with a focus on the affordable price segment. The focus of the assortment will be on household chemicals, household goods, basic childcare products, hygiene products, and body and hair care products. Decorative cosmetics and perfumes will not be available in the new format. However, the advantage of the “EVA поруч” format is that such a store will serve as a pickup point for online orders.
Investments in opening an “EVA поруч” store amount to UAH 500,000, while launching a standard EVA store costs UAH 3-5 million, depending on the design of the retail outlet, its area, and the initial condition of the premises. Each compact store creates an additional 3-4 jobs.
EVA Nearby currently has experimental status. The strategic development potential of the format will be determined by the results demonstrated, which the company plans to evaluate in 2026.
Rush LLC, which manages the EVA chain, was founded in 2002. As of early 2025, the chain had 1,109 stores in operation.
According to Opendatabot, the owner of Rus LLC is listed as Incetera Holdings Limited (Cyprus, 100%), with Ruslana Shostak and Valery Kiptika as the ultimate beneficiaries.
At the end of 2024, Rush’s revenue increased by 28.2% compared to the previous year, to UAH 27 billion. Net profit decreased by 36.7%, to UAH 1.4 billion.
Deputy Prime Minister for European and Euro-Atlantic Integration of Ukraine Taras Kachka has met with civil society experts for the second time in a week to discuss preserving the full functionality of the law-enforcement and anti-corruption systems.
According to the Office of the Deputy Prime Minister, the key issue on the agenda is the discussion of the draft law No. 13533 on amendments to the Criminal Procedure Code of Ukraine and some legislative acts of Ukraine on strengthening the powers of the National Anti-Corruption Bureau of Ukraine (NABU) and the Specialized Anti-Corruption Prosecutor’s Office (SAP) submitted by the President of Ukraine Volodymyr Zelensky to the Verkhovna Rada.
“Thank you for your willingness to open dialog and cooperation. Thanks, in particular, to your expertise and preliminary consultations it was possible as quickly as possible to work out a draft of legislative changes aimed at responding to the challenges and ensure the institutional independence of the anti-corruption system,” – quotes Kachka press service.
He emphasized that such interaction between the public sector and civil society is already becoming systemic, and noted that further regular coordination with representatives of civil society is planned.
It is noted that during the meeting the parties also discussed the issues of realization of transformations provided for by the Roadmap in the field of the rule of law – in particular related to the further functioning of law enforcement agencies.
As reported, on July 24, President Volodymyr Zelensky introduced a bill to the Verkhovna Rada regarding the powers of NABU and SAP.
BILL, NABU, САП, Тарас Качка
On Friday, the multinational military exercise Agile Spirit began in Georgia, which is being held for the twelfth time. The exercise is being held at the Krtsanisi base, where the NATO-Georgia Joint Training and Evaluation Center is located.
The Agile Spirit 2025 exercise is being held in two countries – Georgia and Turkey – to help strengthen regional cooperation, according to the Georgian Ministry of Defense.
The exercises began in Turkey on July 21 with a joint airborne operation by the United States and Turkey. In addition to the military of Turkey, the United States, and Georgia, the military of eight other countries will take part in the exercises that opened in Georgia.
At the opening ceremony, General Terry Tillis, commander of the 7th U.S. Army Training Command in Europe and Africa, said that “this is a strategic exercise that allows for increased interoperability between military personnel from different countries.”
.
Switzerland is maintaining its level of involvement in helping Ukraine with humanitarian response despite the global recession in donor support, said Serge Umov, Head of Humanitarian Aid in Ukraine at the Swiss Agency for Development and Cooperation.
“As for Switzerland, I am pleased to announce that we are not reducing our humanitarian commitments. Our assistance is not as large as that provided by the United States and other European partners. But we are maintaining our involvement for at least the next few years. We do not plan to reduce our efforts to provide humanitarian assistance to Ukraine,“ said Serge Umov during a roundtable discussion titled ”Humanitarian Action in War: Protection of Personnel, Innovation and Influence on World Politics” at Interfax-Ukraine.
At the same time, according to the representative of the Swiss Agency, the current crisis opens up opportunities to rethink approaches to humanitarian response.
“We will need, and we are already doing, to change some things in our approaches and the way we operate. Every crisis also opens up new opportunities,” he added.
He called localization of humanitarian aid and support for the capacity of Ukrainian organizations one of the priorities of the conditions.
