EU lobbies G7 nations to increase Ukraine funding
Non-EU allies have pledged only $4.5 billion for 2027, the Financial Times reported, down from more than $20 billion this year.
The European Union is putting pressure on G7 nations to increase their funding for Ukraine, as the bloc anticipates a significant drop in support next year. Currently, non-EU allies have pledged to contribute only $4.5 billion for 2027, a stark contrast to the over $20 billion provided this year, which is straining the financial capabilities of various governments amid a global cost-of-living crisis.
This funding shortfall is particularly concerning for Ukraine, which is actively reinforcing its energy infrastructure amid intensified Russian strikes, while also grappling with delayed regulatory reforms that have left it vulnerable. French presidential candidate Marine Le Pen has criticized the idea of providing additional Ukraine funding ahead of the April elections, describing it as a "democratic scandal."
Brief written by urgent.news from Semafor's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
