The European Union plans to cover two-thirds of Ukraine's external financing needs in 2026 and 2027 through a €90 bn loan, while other international partners have so far confirmed funds to close the remaining third only for 2026, European Pravda's Brussels correspondent reports, citing European Commissioner for Economy Valdis Dombrovskis.
According to Dombrovskis, the picture for next year is largely settled, but 2027 is where attention now needs to turn. "I would say that now (in 2026 – ed.) we are more secured (with funds to finance Ukraine – ed.). This year, a much more acute issue is the financing deficit for 2027," the commissioner said.
How the EU share breaks down
Dombrovskis recalled that the EU will provide Ukraine with €45 bn in each of 2026 and 2027, amounting to two-thirds of what Ukraine's budget and military will require over those two years. In 2026, €16.7 bn of the EU's €45 bn is earmarked for Ukraine's budgetary needs, while €28.3 bn will go to the Ukrainian army, defense, and weapons production. The first tranche of military aid delivered under the €90 bn EU loan is to be spent on procuring Ukrainian-made drones.
Where the rest is meant to come from
The remaining third is expected from other international partners — specifically G7 states, international financial institutions including the IMF, and EU member states providing bilateral support to Ukraine.
The 2027 gap
According to preliminary European Commission estimates, Ukraine will need €71.7 bn in Western assistance in 2026 — €20.1 bn in macro-financial needs and €51.6 bn in military needs. In 2027, international support for Ukraine should amount to at least €64 bn, split between €32.2 bn in macro-financial needs and €31.8 bn in military needs. It is for that second year that the non-EU third of the funding has yet to be secured.
