European Commission plans to allocate another €45 billion to Ukraine by the end of 2027
Published
The European Commission has prepared a mechanism that will allow EU countries to approve the allocation of the remaining €45 billion to Ukraine under the loan program. This is reported by the Reuters agency. The issue concerns financial support that Ukraine may receive by the end of 2027.
According to sources, the mechanism will make it possible to adopt decisions on payments without additional delays. The funds will go to financing the country's budget and ensuring its essential needs during the war. For the money to arrive, the governments of EU countries must still formally approve this plan.
The loan program is part of broader support that the European Union has been providing to Ukraine since the start of Russia's full-scale invasion. The funds are being allocated in stages, and each payment depends on the fulfillment of certain conditions, including reforms in governance and the fight against corruption.
For now, the details of the plan have not been finally approved. The finance ministers of EU countries are expected to discuss the proposal in the near future. The final decision will determine when exactly Ukraine receives the first tranches.
Sources: NV
More Ukraine news
- Slovakia Threatens EU Budget Over €70bn Loan to Ukraine
- NULES Students Win Two Bronze Awards at Student Tech Challenge 2026
- Price caps already affecting behavior of energy market participants
- Russia to significantly increase fines for businesses
- Russia's Full-Scale Invasion of Ukraine: How the War Began
- US and Russia discuss security guarantees for Ukraine
- Kniazhytskyi: mobilization is not being carried out because politicians are waiting for elections
- Civil Society Sector Offers New Job Openings in November