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Brussels goes looking for billions to fund Ukraine

Summary by Politico Europe
With Washington’s support for Kyiv increasingly uncertain, Brussels is looking to its allies to help keep Ukraine afloat. The price tag: €70 billion. On today’s show, Zoya Sheftalovich …

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Kiev may lack about 70 billion euros, and uncertainty about further US aid increases financial risks.

·Kyiv, Ukraine
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EADaily, 21 October 2026. Ukraine's 70 billion euro additional funding is currently being negotiated by the official Brussels, but, according to the Policy, with reference to its own sources, it is now a matter of arrangements with the authorities of Canada and the United Kingdom, not the US.

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The European Union leadership has prepared a plan to persuade Canada and the United Kingdom to increase their financial support for Kiev to cover the budget deficit by Euro70 billion. The European Union will try to persuade London and Ottawa to increase their assistance to Kiev at the upcoming summits in October and November. Brussels is forced to seek the support of allies outside the union because of Ukraine's growing needs and uncertainty wit…

The European Union is turning to Britain and Canada, seeking to secure additional funding for Ukraine, which faces a funding gap of 70 billion euros for 2027. More...

·Greece
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Politico Europe broke the news in Brussels, Belgium on Wednesday, October 21, 2026.
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