European Commission president: Financing for Ukraine will be one of key topics at G7 summit

European Commission President Ursula von der Leyen has said that G7 leaders at the summit in Évian will discuss how to cover the part of Ukraine's financial needs for 2026-2027 that is not covered by the EU's loan package.

Source: European Pravda, citing remarks by Ursula von der Leyen

Details: Von der Leyen said the EU's €90 billion loan package covers two-thirds of Ukraine's budgetary needs for 2026 and 2027. The European Union will require additional support from its G7 partners to cover the remaining third.

"Our €90 billion loan package covers two-thirds of Ukraine's financing needs for this year and for the next year. The first disbursements will come still this month, and for the remaining third we need Ukraine's partners to step up. This will be a topic at this summit," the European Commission president said.

Von der Leyen also announced that the EU is "anchoring Ukraine in Europe" by opening the first negotiating cluster in the country's accession talks.

"Today we open the first cluster of the EU accession negotiations. This is a huge step forward. Ukraine has made remarkable reform progress. They have delivered, so now we have to deliver too," she said.

Background:

• On 15 June, the European Union is set to open the first negotiating cluster in Ukraine's accession talks.
• European Enlargement Commissioner Marta Kos expects the remaining five negotiating clusters to be opened in July as part of Ukraine's accession process.
• The convening of the intergovernmental conference at which the first negotiating cluster will be opened became possible after Ukraine met the final requirement set by Hungary.

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