Before Tuesday’s confrontation, the European Commission was already seeking, by the end of the year, a political agreement on Ukraine’s €70 billion deficit for 2027. In terms of the breakdown, the Commission was considering €40 billion for defense spending and €30 billion for the operation of the national budget; at the same time, officials hoped that the United States, Canada, Japan, and the United Kingdom would increase their contributions. According to the same analysis, the “military deficit” could fall to €27 billion if NATO states honor the commitments made in Ankara on July 8.
The Commission was preparing several financing options for the extraordinary EU summit on November 26, while the inclusion of frozen Russian assets was considered unlikely due to opposition from Belgium, which fears reprisals from Moscow.
On the other hand, Bulgaria had announced that it would not participate in a new EU financial assistance package for Ukraine requested by Volodymyr Zelenskyy for the following year, stating that it could not be involved in this amount and criticizing the conflict’s impact on the European economy.