Zelenskyy Requests Extra $79 Billion From EU for Next Year
Zelenskyy said the request would cover defense, weapons and resilience as Ukraine faces a 70 billion euro funding gap for next year.
- On Friday, Ukrainian President Volodymyr Zelenskyy asked the European Union for an extra $79 billion to sustain the war effort against Russia. Speaking at an EU summit in Brussels, Zelenskyy emphasized the funding is needed for defense, weapons, and resilience.
- The war is projected to cost 155 billion euros next year, and current pledges leave a gap of about 70 billion euros for 2027. Foreign financial assistance remains critical to maintaining salaries, pensions, and infrastructure while Ukraine prioritizes domestic revenue for defense.
- Friedrich Merz, Germany's chancellor, responded positively, stating, "We must do everything we can to help Ukraine through the winter and also to help next year." Slovak Prime Minister Robert Fico noted that Slovakia and Hungary will opt out of providing additional aid.
- The European Commission is currently evaluating laws passed last week by the Rada to determine if Ukraine qualifies for a $4.3 billion payment. The legislation was one of 12 conditions for the funding tranche.
- New European Union borrowing has grown costlier, with 10-year rates rising from 3.2% to above 4% in six months, complicating the search for support. Europe considers tapping into Russia's $224 billion worth of frozen assets, though Belgium remains opposed.
14 Articles
14 Articles
Ukraine finally voted to tax cheap foreign parcels to unlock €3.7 billion—now Brussels decides whether it was enough, with a €70 billion gap ahead amid ongoing war
Parliament needed three tries to pass the tax, and nobody has yet signed up to pay the bigger bill for Russia’s war in 2027.
The European Commission acknowledged that they do not have enough funds to cover all of Ukraine's needs in 2027. The issue of using frozen Russian assets remains open
In the EU, we have announced the need for reforms in Ukraine before the end of 2026, and Ukraine can receive financial assistance of about Euro30 billion from the EU. This requires the introduction of reforms. According to RBK-Ukraine, this was announced at the briefing by the Press Secretary of the European Commission Balage Uivari. "In the first place, before we talk about 2027, we need to talk about 2026. If we look at what we have in prepara…
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