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flag Ukraine seeks $120 billion in defense funds, half from allies, amid war and fiscal crisis.

flag Ukraine's Defense Minister calls for $120 billion in defense spending for next year, with $60 billion sought from allies. flag The country's new Prime Minister is also preparing to seek a new IMF program to address fiscal needs amid the war with Russia. flag So far, global donors have only pledged half of the estimated $75 billion needed over the next two years. flag Additional discussions on the new IMF loan are expected in August.

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