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Commission takes a key step forward on 2027 financial support for Ukraine

October 30, 2026 by Leave a Comment
EU, Ukraine and Canada to co-host high-level meeting on returning Ukrainian children
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This article is brought to you in association with the European Commission.

Today, the European Commission took another step in the implementation of the €90 billion Ukraine Support Loan,  which will provide Ukraine with essential budgetary support and defence products in 2026 and 2027. The package adopted today includes a proposal for the Council to approve the remaining loan amount of €45 billion for 2027.

President Ursula von der Leyen said: “With today’s proposal, we are providing Ukraine with much-needed predictability and helping maintain essential public services. Strengthening support to Ukraine is high on the agenda in Montreal. Together with our allies, we must also do everything in our power to mount pressure on Russia to stop its barbaric war of aggression.”

Following the Commission’s positive assessment of the Ukrainian Financing Strategy, which was submitted by Ukraine on 26 October 2026, the proposal for a Council implementing decision adopted today sets out the provision of the remaining €45 billion to Ukraine by 31 December 2027.

The support will be allocated to:

The budgetary support will be underpinned by strong conditions related to the rule of law, the fight against corruption, economic resilience and sustainability.

Next steps

The Commission’s proposal for a Council Implementing Decision for approving assistance to Ukraine for 2027 will now be submitted to the Council for adoption. Based on this proposal, Member States will decide on the allocation of support under the Ukraine Support Loan for 2027, including through the Ukraine Facility, Macro-Financial Assistance and defence industrial capacity. As noted above, and in line with other EU financial support to Ukraine, the instrument will be accompanied by strong safeguards and conditionality, including on the rule of law, anti-corruption and the protection of the Union’s financial interests.

Following the adoption of the available financial assistance by the Council, the Commission will take the necessary steps to ensure that disbursements to Ukraine can take place in early 2027.

Background

Since the start of Russia’s war of aggression against Ukraine, the EU and its Member States have provided €231.6 billion in overall support to Ukraine, including €3.8 billion from the proceeds of immobilised Russian assets – more than any other partners.

In February 2026, the European Parliament and the Council adopted Regulation (EU) 2026/467, establishing the Ukraine Support Loan. The €90 billion Ukraine Support Loan covers Ukraine’s needs over 2026 and 2027. Of the €90 billion, €60 billion is for strengthening Ukraine’s defence capabilities and defence industrial capacity and €30 billion is in budget support to help keep the state functioning, maintain essential public services and strengthen economic resilience. Following Ukraine’s submission of its 2026 Financing Strategy in March 2026, the Council adopted an implementing decision on 23 April 2026, allocating up to €45 billion for 2026. This includes €16.7 billion in budget support, split equally between the Ukraine Facility and Macro-Financial Assistance, with each amounting to up to €8.35 billion, and €28.3 billion for defence industrial capacity. Of this, €19.8 billion has already been disbursed €3.2 billion as macro-financial assistance, €15.8 billion for defence procurement, and €800 million channelled through the Ukraine Facility, following the satisfactorily completion of reforms.

For more information

Proposal for a Council Implementing Decision approving assistance to Ukraine in implementing the Ukrainian Financing Strategy

Commission presents a financial support package for Ukraine for 2026–2027

Regulation (EU) 2026/467 implementing enhanced cooperation on the establishment of the Ukraine Support Loan for 2026 and 2027

Regulation (EU) 2026/468 amending Regulation (EU) 2024/792 establishing the Ukraine Facility

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