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EU urges member states to tap €21.3 billion SAFE fund to boost defence, support Ukraine

The Commission wants member states to use leftover SAFE loans for joint projects with Ukraine, including air defense, drones and ammunition, officials said.

Summary by Reuters
The European Commission urged member states on ​Thursday to apply for loans ‌from a €21.3 billion ($23.74 billion) pot available through the European Union's ​SAFE defence funding programme ​to boost their own forces ⁠and support Ukraine.

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Lean Right

This EUR 45 billion loan to Ukraine in 2027 is part of the EUR 90 billion loan approved by the European Union (EU) at the beginning of this year and has already been allocated EUR 45 billion in 2026.

·Lisboa, Portugal
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Lean Left

The European Commission has launched the procedure to extend funding for Ukraine into 2027. Brussels has submitted a proposal to the EU Council for formal approval of the second half of the loan, totalling €90 billion. Member states are expected to examine the proposal and approve the release of the funds. They are to provide budgetary support to Ukraine, as well as resources to strengthen its defence. “The funds will provide Ukraine with vital …

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Lean Left

The EU announced the allocation of 45 billion euros of loans for Ukraine in 2027. The <p>European Commission proposes to provide Ukraine with the remaining 45 billion euros of loans for 2027. €31.7 billion will go to defense, €13.3 billion - to </p>budget.

·Kyiv, Ukraine
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Reuters broke the news in London, United Kingdom on Thursday, October 29, 2026.
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