The European Commission and Ukraine said on Thursday that they had identified the means to cover Ukraine’s budget and defence needs for 2026, and they reconfirmed the steps needed to ensure those funds are released on time.
They also agreed to move forward swiftly with the allocation of €45 billion under the Ukraine Support Loan for 2027, subject to the established conditions. At the same time, they said they would begin work on identifying additional budgetary and defence needs for that year.
The joint statement also said all sides agreed that other partners should fulfil their financial commitments and step up their efforts given the significant challenges Ukraine is facing.
The Commission and Ukraine added that they will meet monthly to coordinate their joint efforts.
Highlights
- They said they had identified means to cover Ukraine’s 2026 budget and defence needs.
- They agreed to move forward swiftly with €45 billion under the Ukraine Support Loan for 2027.
- They will meet monthly to coordinate their joint efforts.
