Ukraine's government has proposed 4.89 trillion hryvnias ($110 billion) for defense in 2027, a 12% increase from 2026. The number that actually tells the story here isn't the $110 billion headline, it's the $27 billion gap in a budget that's already been running for months that's not a projection about next year's risk, it's confirmation that this year's funding model already came up short before 2027 spending was even proposed. Finance Minister Sergii Marchenko says frozen Russian assets held by European allies could become a key source for closing next year's shortfall.