Ukraine’s 2027 gap is estimated at around €70 billion despite €45 billion in planned EU support; Reuters cited an unnamed EU official saying leaders will seek agreement on financing at a special summit Nov. 26-27.
EU officials had counted on a combined €45 billion from five non-EU partners—Britain, Japan, Canada, Switzerland and Norway—for 2026 and 2027, Reuters reported. EU officials said some of that expected funding had not materialized. Reuters said Ukraine’s needs exceed the EU’s planned 2027 contribution as the war with Russia continues.
EU countries will need to agree on a new financing route, Reuters reported, with another loan among the possible options. Ukraine needs clarity on how it will cover next year’s financing needs, the news agency said.
Reuters reported that Ukraine’s 2026 funding is covered. The EU has paid €14 billion from its €45 billion allocation for this year, while another €31 billion awaits disbursement after Kyiv approves agreed reforms.
At their Oct. 15-16 summit, EU leaders noted continued payments under a €90 billion loan adopted in April for 2026 and 2027. They asked the European Commission and International Monetary Fund (IMF) to update Ukraine’s needs assessment, while leaving the additional 2027 request unresolved, as EconoTimes reported earlier.
The Nov. summit will also cover negotiations on the EU’s 2028-34 budget, Reuters reported. EU governments want a budget agreement in 2026; Reuters said campaigns ahead of next year’s elections could politicize talks in France and six other countries, including Italy, Poland, Greece, Estonia, Finland and Slovakia.
The European Council said an agreement on the long-term budget before the end of 2026 would leave time for follow-up laws to pass in 2027 and help avoid a break in EU funding when the new cycle begins in January 2028. The special summit is scheduled for Nov. 26-27.
