European Commission: Ukraine could receive €30 billion by late 2026 conditional on reforms

Ukraine could receive around €30 billion from the European Union by the end of 2026 if it continues to implement the relevant reforms.

Source: European Commission Spokesperson Balazs Ujvari, as reported by a European Pravda correspondent in Brussels

Details: The EU is ready to disburse €30 billion to Ukraine by the end of the year if Kyiv implements the agreed reforms.

Quote from Ujvari: "First of all, before we talk about 2027, we need to talk about 2026. If we look at what we have in the pipeline, it comes to a figure of about €30 billion this year for Ukraine."

Details: He added that the bulk of this amount is accounted for by the loan to support Ukraine, while a portion falls outside of it.

"In order for these funds to be disbursed, Ukraine must continue to carry out the relevant reforms," the spokesperson emphasised.

Balazs Ujvari also reported that within the defence component, the European Commission must "obtain the agreements that underpin the already approved production schedules".

Background:

• The European Council's decision followed Zelenskyy's address to EU member state leaders on 16 October, in which he said Ukraine would need at least €70 billion in additional financial assistance from international partners in 2027.
• The European Commission acknowledged that the Ukrainian budget for 2027 indeed has a shortfall of €70 billion, which must be covered by international partners.
• The European Council has instructed the European Commission to prepare proposals to cover Ukraine's €70 billion budget deficit for 2027.

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