The European Commission plans to reach a political agreement by the end of 2026 on covering Ukraine's financing deficit for next year, which is preliminarily estimated at 70 billion euros. Brussels is considering the possibility of providing a new loan similar to the already agreed program of 90 billion euros.
This was reported by Rapporteur with reference to an internal document of the European Commission obtained by EU member states.
According to the document, Brussels wants to find a solution regarding additional financing for Ukraine and reach a political agreement by the end of the current year. The future support mechanism should provide for the possibility of a rapid response to changes in the needs of the Ukrainian army.
Preparation of the new financial program is related to Ukraine's growing defense expenditures and the consequences of Russian attacks on enterprises, energy and transport infrastructure. Because of this, estimates of the necessary international assistance have been revised upwards in recent months.
President of the European Council António Costa has instructed the European Commission to prepare concrete proposals for covering Ukraine's financial needs. They are planned to be discussed at a special EU summit in Brussels on November 26-27. Another meeting of European leaders is scheduled for December 17-18.
According to Rapporteur sources among European officials and diplomats, one of the most likely options remains a new loan for Ukraine modeled on the 90 billion euro program agreed by the EU in December 2025. At the same time, there is no final decision yet on the sources and terms of financing.
The document also emphasizes the need to accelerate Ukraine's implementation of reforms on which payments under the current loan program depend. According to data cited by Rapporteur, out of the agreed 90 billion euros, Ukraine has so far received 20 billion euros.
Separately, the European Commission calls on NATO countries to fulfill their commitments to provide Ukraine with 70 billion euros in military aid in 2026. The corresponding agreement was confirmed by allies at the Ankara summit in July. In the internal EU document, they propose to pay special attention to the supply of drones, which Kyiv has identified as one of the priorities.
The European Commission also expects increased support from international partners, in particular countries that are not members of NATO. This concerns financing Ukraine's defense and ensuring the functioning of state institutions during 2027.
Earlier, "Kurs Ukrainy" reported that following the summit on October 16, the European Council instructed the European Commission to develop proposals for covering Ukraine's additional needs. At that time, specific deadlines for preparing and agreeing on the financial mechanism were not determined.
At the same time, the announced deficit of 70 billion euros remains a preliminary estimate and may change after updated calculations. Reaching a political agreement also does not mean immediate disbursement of funds - final formalization and approval of the financial mechanism will be required.
Based on materials: Rapporteur, European Council, NATO
