{
  "id": 15626181,
  "title": "EU Seeks €70 Billion To Cover Ukraine’s 2027 Budget Deficit — Costa",
  "url": "https://urgent.news/2026/10/19/eu-seeks-70-billion-to-cover-ukraines-2027-budget-deficit-costa",
  "topic": "world",
  "section": "World",
  "published": "2026-10-19T14:20:00.000Z",
  "source": {
    "name": "UATV English",
    "slug": "uatv-english",
    "url": "https://uatv.ua/en/eu-seeks-70-billion-to-cover-ukraine-s-2027-budget-deficit-costa/"
  },
  "original_language": "en",
  "account": "The European Union has directed the European Commission to devise solutions for financing Ukraine's projected €70 billion budget deficit in the upcoming year. European Council President António Costa conveyed this message during an off-the-record session at the EU summit in Brussels, UATV English reported. The EU's commitment to supporting Ukraine remains resolute, cautioned Costa. The moment is not opportune to relax sanctions on Russia; rather, it is the time to reinforce our backing, intensify our pressure. This is imperative to compel Russia to endorse a sincere ceasefire, persuade Russia to partake in negotiations, and halt the conflict, Costa emphasized. European Commission President Ursula von der Leyen affirmed that Ukraine requires supplementary financial aid due to the persistent war. Although the EU had previously authorized a €90 billion loan, with half earmarked for 2027, these resources prove inadequate. It is probable that frozen Russian assets could be mobilized for this purpose. Ukrainian President Volodymyr Zelenskyy had previously indicated that Ukraine could amplify pressure on Russia by two or three times through enhanced drone production, yet lacks the requisite funding for such an endeavor. Zelenskyy solicited partners to contribute at least an additional €70 billion for defense expenditures in the ensuing year.",
  "summary": "The European Union has instructed the European Commission to find ways to cover Ukraine's €70 billion budget deficit for next year. European Council President António Costa stated this on the sidelines of the EU summit in Brussels, UATV English relays. \"The European Union's support for Ukraine remains as strong as ever. Now is not the time to ease sanctions against Russia. Now is the time to…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}