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President Zelensky, thank you so much for taking the time for speaking with Bloomberg yet again.
C
Thank you very much.
B
I'd like to begin by taking a step back. You've now been at war for three years and nine months almost. There is a lot of concern. Each of those days is measured in lives and resources. There's concerns that it's now a stalemate, a forever war. Now Today on day 1357 from the United States and from Europe, what do you need to meaningfully change the course of the war?
C
Thank you very much. Not to lose your support, not to lose unity between the United States and Europe around Ukrainian question. First of all, what we need, we need between us.
B
Yes.
C
Long artillery. We really need. There's a big deficit on the front line. I mean this during this war. It's not the question of this day, it's a question for this war. Of course we need air defense. We are thankful for program Pearl. We are thankful to President. Yes. And this is very important. He opened this corridor that we can buy by portal. We can buy air defense. I mean missiles, Mach 3 first of all, pack three. And of course systems with systems difficult because it's always the question of time. Yes, but, but we can't wait because they attack us each day. And we, we began to work on the interceptors, drones, interceptors. We have our production and by the way, good production. American, Ukrainian production, co production. I'm happy that we have co productions already we started this but I hope that in future we will have more. So I think air defense number one longer till as I said and of course if you will ask me what can change. Yes, we need long range. Yes, we need long range. Somebody. By the way, I had conversation with Santos, as you mentioned at the very beginning and bipartisan support. We are thankful and, but, but we spoke about the Mohawks, for example. I said it's not only about Tomahawks, it's there are some things similar long range things. Important, very important things. Look, there are military targets on the territory of Russia which have huge air defense around because they need to save. That's why it's not enough to have drones. We need, you know, some other package. So if, if we want to answer because they attack us and we have to answer. That's why we raised this topic with.
B
American side Another topic at the battle lines right now, the battle for Pokrovsk is currently being waged. There have been some suggestions from allies saying that it might make sense to have a tactical retreat to conserve military, conserve resources, conserve. Conserve lives in order to regroup. Is that something that you're actively considering? Has the time, the time come to take a retreat in any way?
C
This is really. This is a decision of generals. And of course I will support our soldiers, especially commanders who are there, which they. How they can control the situation or it's too expensive for us, we can't lose. The most important for us, this is our soldiers. And of course they have to. They need to decide on the battlefield, decide the place. But we have to know the most expensive month during these three years and nine months, these ones for Russians, because of Pokrovsk, they lost in October more than 25,000 people. It's only. I mean, this is 25,000 that what we control from drones. So there are video effects of this. So I don't know the total number of their losses during October, but only, only fixed by video, 25,000.
B
And something, something you do control. And there will be renewed discussions about this around manpower, whether or not you need to expand conscription. Is that something you were looking at, this something that you may hear more from, from allies, given the retreats you've had to make in Zaporizhzhia, for example?
C
Look, the question of people, of course, is the most sensitive and the most difficult and difficult for me for soldiers, for people, for society and for partners. Yes. And of course, we, we don't have really comparable number of people because you know that the size of Russia. Yes. And you know the size of Ukraine. Yes. But this is the balance. You can't. Even if soldiers ask to mobilize more people, you have to balance. It's very difficult question. You have to balance because there is a society people and they have to work and they have. They need. They have to work and pay taxes and then this money goes to army. So you have to find the balance. So I react during military cabinets and of course, soldiers raised this topic. And partners. Yes, but partners are not at the battlefield. And that's why, with all respect to our partner, with all respect, I said the decision of our army was to mobilize about 30,000 per month. And the system now is doing this.
B
And one of those partners is President Donald Trump. He seemed very committed to the idea of a ceasefire. Now it seems that the diplomatic line for now is closed. You know, President Trump and You understand one another much better than you did back in February. With that understanding, how do you bring him back to the table and on your side of the table, how to.
C
Bring back President Trump?
B
Yes, to the committing to the idea.
C
I think this is important for me and for our people. And this is a big Europe, much more bigger than Dan in Ukraine. We paid the most, you know, high price because it's only Ukrainian losses here, but human losses, of course, first of all. But we have to understand that also. I think this, this is important for America and I think this is very important. Not to give possibility Russia just to, I mean, this. Russia began this aggression. Russia began this war. It's a war against us. They, they stolen, you know, thousands of Ukrainian children. We can't, I mean, this. They don't respect, they don't respect the law, but they really respect the United States. They respect President Trump. I really think that President Trump can push Putin to negotiations, and that's why this is very important. And I think that like I said to senators, we are very thankful to first lady and I'm very thankful, like the president of Ukraine that our first ladies, Olena and Melania, that they spoke, they began to work on children, question how to bring kids back. This is very important. And I'm thankful to you and to other leaders who also helped us for this moment. We brought 1,600 children.
B
And you mentioned the Pearl defense program that was rolled out earlier this year. Is that bringing you what you need at this stage?
C
I'm thankful to President that we can get what we need. Not enough, but it depends on, you know, different things. But not enough. But not enough air defense, not enough missiles. I work on it personally. I work on it personally. Each day here in Ukraine and abroad, we have different Systems. We have NASAMs, IRST, Hawks, Patriot Systems, different systems. And for these systems we need or it's about missiles or the questions of money. And I need to get these funds and to push money for air defense for Pearl. Now we have this pearl. That's why this is very important.
B
And then the US Shutdown. There have been reports that the US Shutdown has been affecting the Pearl program, that maybe it's been creating difficulties for allies to purchase through the program. It has had delays to deliveries. Has the US Shutdown had an impact on the battlefield for you?
C
All such things in the United States, of course, have influence. You have to understand that you are leaders and we count on your support. And of course, any kind of such challenges in your country have influence, of course, because it's not about the will of one or another. I mean this people or institutions. Sometimes it goes like because of logistics, you know, some slow steps. We need it and it comes later or. Or doesn't. So I mean this. That's why such things of course have influence on the battlefield.
B
The US Shut down.
C
Of course we have influence on it. Yeah, yeah. But it important that not of the will of. Of some people. They. I mean that's in the United States. It's your internal questions, but you understand how it works. Yeah.
B
And the other partners that you have are obviously the European partners. We're sensing the Russian assets is of course the main debate that is happening in Europe right now. There's a pattern with European leaders where at first they say no to something, whether it's tanks or some other things, then they go to maybe then they get to yes, it's true. Right now they're on maybe for the Russian assets. Do you think they're going to get to. Yes. And do you have assurances from European leaders that they will deliver loans on the Russian assets?
C
We need it very much. This is real. One of the types of real sanctions. Russia has to pay for this war. They began this war and they have to pay. This is a real fact how they can pay. And we need this money. We will spend this money on renovation. And of course we need really. We need air defense and you know, we need air defense from the United States and we have European systems. We need this air defense from. From the Europe. From your European leaders. This all very important. And of course we need finance our drone production which is huge. We need to finance it and we don't have additional money. And this is the way and this is fair. I think they began this war and they want to continue it. That's why they have to pay.
B
Is this the most significant thing European leaders can do right now to help?
C
Because we can get more than 140 billion for today. We can get it by the way from the United States. It will be also good signal, you know, like with energy like sanctions of the White House of President. Yes. It's about local and Rosneft and Lukoil important step. And it brought some other. Our partners, European partners also to some strong decisions. And we've been happy that there have been 19 package. We are thankful to Europeans for this. So that's why if President Trump, for example will decide that he has some 5, I think more than 5 billion years of assets, maybe he will decide to spend this money.
B
It will help have you discussed alternatives with allies about Russian assets. If that does not come through, is there an alternative plan? Is there a plan B?
C
No. They understand that we need their support and if I hope God bless, we will get this decision, but they will not have this decision. Of course, we together will find. We have to find alternative. It's a question of our surviving. That's why we need it very much. And I count on partners.
B
And on the question of you brought Donald Trump in connection to the Europeans, why did it take Donald Trump to get the Europeans to ban Russian lng?
C
He always said that he wants Europe to put sanctions on Russian energy. He always said that that was during our meeting and etc. And you know that some countries in Europe, they really used it. Yes. It was not the case of one year, in the case of, I think about 30 years. They had relations and a lot of different factories. They have common businesses. It's understandable. And then President of the United States, he said, okay, I'm ready and if Europe will be ready. And of course this decision, this way of sanctions was good, as I said to you, that it was American sanctions and European sanctions, it like split and they came together and I think this is good way. It was good way. And that's the same about assets. That's why I raised it about assets that there are some assets in the United States. If United States States can do it, it will be helpful for European decisions also.
B
And on the assets, is there an alternative plan? So potentially, let's say the EU can't agree on 27, let's say it's 25. And then maybe there's a partnership with Canada or other nations. Did you see that as an alternative path for the Russian assets to back that?
C
We have bilateral security documents between us and 28, maybe 29 for today partners. We have bilateral document, security document, which gives us possibility to count on each year financial support. For example, we have good document with Canada. You said about Canada. We have good document with Canada, we have good document with United States. We have very good documents with other, for example, North European partners and Germany. And really we can count on their money. For example, you know that Germany is one of the biggest dennis in the world and the biggest in Europe. And of course we count on this document. It's not alternative, but this, I mean, this good. How to say Pill? Yeah, this is good pill.
B
And in terms of energy, the Russians have been targeting more and more your energy infrastructure, your gas infrastructure as well. You're heading into the winter, yet another winter of the war very difficult situation. Can you tell us what the situation is going to be for energy in the coming months for Ukraine too?
C
We have really difficult situation and we have to go through this winter. It's not the first winter by the way but they of course they increase that the number of attacks by drones. Can you imagine they use Iranian drones. Can you imagine how many drones they use? They use 500. They use, they can use 600, 700. They used once already of 800 drones for per day plus ballistic and cruise missiles. And it's such combination of courses. Yes but we, we have what we have, we have AR defense, we have our production of drones, we have drones, interceptors, we have our systems of electronic warfare. A lot, I mean it's about hundreds for today and it's our production. So we of course and our people and our people from energy and they which work on the fields and that's why this is very important.
D
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Date: November 13, 2025
Host: Bloomberg
Guest: Volodymyr Zelenskiy, President of Ukraine
This episode features an in-depth interview with Ukrainian President Volodymyr Zelenskiy. As the war in Ukraine approaches its fourth year, the conversation centers on Ukraine’s immediate military needs, the shifting dynamics of international support (specifically from the US and Europe), the challenge of maintaining unity among allies, debates over leveraging frozen Russian assets, and anticipatory strategies for Ukraine’s winter energy crisis. Zelenskiy candidly discusses the heavy costs of war, the realities of conscription, the logistics of defense procurement, and the political complexities of international partnerships.
Stalemate Concerns and Needed Support
Specific Military Requests
Tactical Retreats and Command Autonomy
Conscription and Manpower Balancing
Pearl Program and Delays
US Government Shutdown Impact
Engaging with President Trump
Leverage of Frozen Assets
Plan B and Bilateral Guarantees
Preparing for a Harsh Winter
Importance of International Aid for Energy Defense
President Zelenskiy’s interview underscores Ukraine’s dependence on continued Western unity and rapid material support. He makes a direct appeal for more advanced weaponry, particularly air defense and long-range systems, and for the West to release frozen Russian assets to fund Ukraine’s survival and reconstruction. Zelenskiy is candid about the cruelties of war—from the painful balance of conscription to the energy crisis exacerbated by Russian attacks. The message is clear: Ukraine’s prospects hinge on timely, decisive action from its US and European allies.