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169 new news items in the last 24 hours
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  2. International
Yesterday 15:37

Volodymyr Zelenskyy is asking Europe for an additional €70 billion to support Ukraine in its war with Russia

Liviu Brăteanu
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16 October 2026, 15:37
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International
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Ukrainian President Volodymyr Zelenskyy asked European Union leaders meeting in Brussels on Friday for an additional €70 billion to finance Ukraine’s war effort in 2027. The request comes as financial and military support for next year is only partially covered.

“The war will cost €155 billion next year. And we need at least €70 billion more from you,” Zelenskyy said. The Ukrainian leader argued that the amount is realistic and that the support would help limit Russia’s ability to continue the war.

The European Union has approved a €90 billion loan for Ukraine for 2026–2027, but only €45 billion is earmarked for next year. European leaders are now seeking new sources of financing to cover the shortfall.

The EU and its member states are Kyiv’s main providers of financial, economic, military and humanitarian support. To date, €231.5 billion has been mobilized, including funds from the EU budget, military aid, support for refugees and revenue from frozen Russian assets.

Context: The EU approved a loan for Ukraine, but funding for 2027 remains a problem

Before the request from Brussels, Ukrainian leaders indicated that financial and military support for the following year was only partially covered, while negotiations on funding for 2027 had reached an impasse. In this context, Volodymyr Zelenskyy called for increased pressure on Russia and strengthened support for defense during meetings with European and NATO leaders.

At the same time, Ukraine presented assessments of the costs of the war and the funding shortfall for the following year, while the authorities in Kyiv submitted requests for additional funds to the European Union. In parallel, the Ukrainian government adopted the 2027 budget, with record allocations for defense and security, noting the need for external financing.

On the European side, the Commission announced installments from the support loan for Ukraine, including for the purchase of military equipment. However, discussions remained focused on covering the shortfall for 2027 and on how the installments could be used for Kyiv’s defense needs.

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Ucraina cere încă 70 de miliarde de euro de la Uniunea Europeană pentru 2027, în contextul războiului cu Rusia
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Gandul
Zelenski le-a cerut liderilor europeni încă 70 de miliarde de euro pentru anul viitor

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Volodymyr Zelensky requests the European Union for 30 billion euros in aid to finance Ukraine's defense.
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Volodymyr Zelenskyy meets with European and NATO leaders in Brussels to call for more military support and “real pressure” on Russia
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Ukrainian President Volodymyr Zelensky asked European leaders for the advance payment of some tranches of financial assistance granted to Ukraine for defense.
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