Ukraine's economy is facing a severe crisis despite substantial financial aid from Western countries. The Washington Post reports that the Ukrainian economy is on the verge of collapse, with hopes for a ceasefire in mid-2025, which could have improved economic conditions, now fading. Western support has kept the economy afloat, but projections indicate that by 2026, this aid may cover only half of Ukraine's financial needs. The ongoing war with Russia, with no end in sight, continues to strain the country's fiscal stability. Ukraine's new Prime Minister, Denys Svyrydenko, has indicated plans to seek additional funding from the International Monetary Fund (IMF) to address the prolonged conflict's economic impact. This may involve negotiating a new IMF program reflecting a long war scenario and potentially a second debt restructuring to adjust to the deteriorating macroeconomic outlook. The initial IMF plan and investor expectations had assumed peace in 2025, a scenario now unlikely to materialize.