EU, Ukraine agree on means to cover budget needs for this year

The European Commission and Ukraine have jointly agreed on measures to fulfill the country's budget and defense requirements for 2026, according to a shared statement. Coordinated efforts have successfully identified the necessary resources to meet these needs. Both parties have reaffirmed the procedures required to ensure the timely disbursement of funds.

For the following year, 2027, they have committed to promptly allocating EUR 45 billion under the Ukraine Support Loan, provided the outlined conditions are met. Furthermore, they plan to commence work on identifying additional budgetary and defense needs. All parties emphasized the importance of other partners fulfilling their financial obligations and intensifying their efforts due to the significant challenges Ukraine faces.

They have also agreed to convene monthly meetings to coordinate their joint efforts in addressing Ukraine's financial requirements. Ukrainian President Volodymyr Zelensky expressed satisfaction with the dialogue with the European Commission, which has yielded favorable outcomes for addressing Ukraine's financial and defense needs in 2026 and 2027.

He highlighted the agreed-upon format, timeline, and steps to ensure comprehensive coverage and commended all European partners, stating that further decisions to bolster Ukraine are currently in progress.