Back
Automatically translated version. May contain inaccuracies compared to the original.
Brussels plans to discuss new contributions with international allies during meetings in New York.
The European Union is calling on international partners to provide Ukraine with additional financing. In Kyiv’s assessment, unmet needs in 2027 year could be at least $32 billion. The issue will be one of the main topics during talks among European officials and partners on the margins of the United Nations General Assembly in New York. This was reported by Bloomberg News Agency.
The European Union is stepping up pressure on international partners, urging them to share a portion of rising costs to support Ukraine. Earlier this year the EU approved a package of loans for Ukraine worth €90 billion, or about $103 billion. The funds are planned for 2026 and 2027 years and are intended for both budgetary support and defense needs. Roughly €30 billion is earmarked for economic support, and another €60 billion for defense procurements.
However, due to additional military costs there is already a shortfall of about $27 billion. The International Monetary Fund and the European Commission are currently assessing the scale of Ukraine’s financial gap for next year. In this context Brussels is seeking to mobilize additional funding from other countries, including the United Kingdom and Japan.
“When we proposed a loan to support Ukraine, the idea was that it would cover about two-thirds of Ukraine’s financial needs, and that one-third would be covered by other international partners,” said Valdis Dombrovskis, the European Commissioner for Economy, after a meeting of EU finance ministers in Dublin. Representatives from the United Kingdom, Switzerland, and Canada also participated in the negotiations.
This issue will be one of the main items on the agenda for EU representatives during meetings with international partners in New York next week. Negotiations will take place on the margins of the United Nations General Assembly. European officials expect to obtain new financial commitments from states outside the European Union.
“Ukraine faces larger financing needs, because Russia’s aggression — if we put it that way — is even intensifying. In a relatively short time we have the opportunity to close this gap,” said Dombrovskis.
Ukraine’s finance minister, Serhiy Marchenko, who also attended the Dublin meeting, said that Ukraine’s unmet needs for 2027 year could amount to at least $32 billion. He noted that the final amount is still being clarified together with international partners.
As a reminder, Ukraine’s access to new funds from the EU also depends on implementing agreed reforms. The government has forwarded four bills to the Verkhovna Rada, the approval of which will determine the third tranche of macro-financial assistance of 1,45 billion euros. Prime Minister Serhiy Korytskyi said that the flow of a substantial portion of the $29,5 billion in international aid depends on joint work between the government and parliament.
In addition, Ukraine’s external financing needs are especially evident in the state budget project for 2027 year. The government has envisaged expenditures of more than 8 trillion hryvnias, while domestic resources will amount to about 3,7 trillion hryvnias. A further $52,6 billion is to be provided by international aid, according to budget committee chair Roksolana Pidlasa. She said partners have already confirmed $20 billion, and Ukraine still needs to find another $32,6 billion.
Document: PDF proof of the original version of the news item "ЄС закликає партнерів збільшити фінансування України перед Генасамблеєю ООН". It records the publication content at the moment of the first scan, the preservation date and the source: ZN.ua.
