The European Commission has assessed Ukraine's financial requirements for 2026 at €71.7 billion ($83.2 billion), with €51.6 billion ($59.9 billion) allocated for military needs, Radio Free Europe's Europe editor Rikard Jozwiak reported.
The estimate appears in an options paper the Commission prepared for EU member states, following an 23 October European Council request. EU leaders asked the Commission to develop proposals for Ukraine financing in 2026-27 ahead of their next summit on 18-19 November.
"According to von der Leyen's options paper provided to member states, Ukraine will need €71.7 billion ($83.2 billion) in 2026, of which €51.6 billion ($59.9 billion) is for military needs. This assumes the war will end in 2026," Jozwiak wrote.
The options paper is designed to outline specific plans for providing Ukraine with reparations loans based on frozen Russian assets, as well as alternative methods of financial assistance over the next two years.
The Commission recently announced nearly €6 billion ($7 billion) for Ukraine through the ERA Loan mechanism and the Ukraine Facility initiative.
