Kiev requires another €19 billion to cover its budget needs in 2027, diplomats have told the outlet
The EU will have to provide more money to Ukraine next year on top of the newly approved €90 billion ($105 billion), the Wall Street Journal has reported, citing diplomatic sources.
On Thursday, Brussels announced that the interest-free loan to Kiev has been finalized and that it will begin disbursements “as soon as possible” in the second quarter of 2026. European Commission President Ursula von der Leyen hailed the development as “a good day for Ukraine and Europe.”
The approval came less than two weeks after the party of longtime Prime Minister Viktor Orban, who has been vetoing the transfer of funds for months due to an energy dispute with Ukraine, suffered a defeat in the parliamentary election.
The WSJ reported in an article on Friday that the EU’s hopes that the money transfer will allow it to sustain Ukraine during the conflict with Russia until 2028 were likely in vain.
Diplomats who spoke to the outlet warned that the money allocated by Brussels “may not be enough.”
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