Zelenskyy: Ukraine, EC determine format, timing for covering financial, defense needs in 2026-2027

Ukraine and the European Commission have agreed on the format, timing, and steps required to comprehensively cover Ukraine's financial and defense requirements for the years 2026-2027, President Volodymyr Zelenskyy announced. Zelenskyy shared the news on his Telegram channel on Thursday, stating that the dialogue with the European Commission has yielded positive results. Coordination of this effort with the European Commission will occur on a monthly basis moving forward.

Additionally, Ukraine is formulating further measures to bolster its defense capabilities and support its populace, according to the document. The European Commission and Ukraine reached an agreement on covering Kyiv's budgetary and defense needs for 2026. For 2027, they agreed to expedite the allocation of EUR 45 billion under the Ukraine Support Loan, provided all stipulated conditions are met. Both Brussels and Kyiv confirmed the necessary actions for the timely disbursement of funds this year.

The parties also affirmed that further decisions will be made to address additional budgetary and defense needs. All parties expressed the importance of other partners fulfilling their financial obligations and intensifying their efforts, considering the formidable challenges confronting Ukraine.