EU Seeks to Raise Cash for Ukraine at IMF and G7 Meetings, Dombrovskis Says - Regional Media News
The EU is seeking to mobilize more support as officials say Ukraine still faces a 2027 funding gap despite $50 billion already promised.
- In Bangkok for International Monetary Fund meetings this week, European Economic Commissioner Valdis Dombrovskis is seeking additional support to address Ukraine's projected 2027 funding gap.
- The European Union aims to cover roughly two-thirds of Ukraine's financing needs, expecting international partners to provide the remainder, Dombrovskis told Reuters.
- While the European Union has promised $50 billion for 2027 and holds €31 billion for 2026, it is scrambling to organize additional cash from partners like Norway, which pledged €9 billion for next year.
- Dombrovskis noted a significant delivery gap between NATO pledges and actual military support, stating that narrowing that gap would substantially address Ukraine's military financing needs.
- To buy time for other nations to contribute, the European Union plans to front-load disbursements of its 2027 funds, though the exact amount needed remains under evaluation while awaiting reforms from Kyiv.
22 Articles
22 Articles
The EU ' s 90 billion euro credit for Ukraine for the years 2026-2027 does not cover all of Kiev ' s needs; there is a deficit of 70 billion euros in 2027; Ursula von der Layen, President of the European Commission (EC), reported. "Remember that we approved a 90 billion euro support loan for Ukraine.
Von der Leyen: Ukraine faces funding shortfall of EUR 70 bln for 2027; assistance from partners needed
European Commission President Ursula von der Leyen says that the funding shortfall for Ukraine's needs through 2027 amounts to EUR 70 billion, and that the European Union is counting on its partners.
The Minister of Finance of Ukraine, Sergei Marchenko, at a meeting with the G7 countries in Bangkok, stated that the unfunded military needs of Kiev for 2027 amounted to Euro40 billion. Ukraine's unsustained military needs for 2027 are estimated at Euro40 billion, transfers TASS with reference to the country's Ministry of Finance. "The overall estimate of the necessary defence resources amounts to Euro70 billion, of which Euro40 billion is curre…
Ukraine cannot find €40 billion for military needs in 2027, the country's finance minister has said
Ukraine cannot find €40 billion for military needs in 2027, the country's finance minister has said.According to TASS estimates, Ukraine's budget deficit will amount to about $96 billion.Subscribe to TASS / The World at Max
German Chancellor Friedrich Merz calls for further financial support from Ukraine
The EU is seeking additional funding for Ukraine for 2027 at the IMF and G7 meetings. The promised 45 billion euros is not enough, so Brussels is attracting other partners.
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