Story perspectives

Ukraine Seeks €45B EU Loan for 2026-2027

8/31/2026

Summary

Story summary

Defence Minister Yevhenii Khmara will present a clear vision to partners.
He said Kyiv will seek to advance part of the €45 billion EU loan earmarked for 2026-2027.
Ukraine confronts a $27 billion military budget shortfall and depends heavily on foreign financing.
Khmara replaced Mykhailo Fedorov as defence minister last month after protests.
He said he shares a vision with General Mykhailo Drapatyi and will boost long-range drone strikes on Russian targets.

History

Historical Context

In 2014, the European Union approved a €1.2 billion security assistance package for Ukraine after Russia annexed Crimea. The European Commission allocated 30 % of those funds to modernize Kyiv’s air-defence systems, while NATO pledged 150 million euros in training. Today, Defence Minister Yevhenii Khmara seeks to tap the €45 billion EU loan for 2026-2027, echoing the 2014 financing drive to sustain Ukraine’s war effort. If the loan bridges the $27 billion shortfall, Ukraine could maintain long-range drone operations, reinforcing its strategic posture against Russia.

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Story summary

Defence Minister Yevhenii Khmara will present a clear vision to partners.
He said Kyiv will seek to advance part of the €45 billion EU loan earmarked for 2026-2027.
Ukraine confronts a $27 billion military budget shortfall and depends heavily on foreign financing.
Khmara replaced Mykhailo Fedorov as defence minister last month after protests.
He said he shares a vision with General Mykhailo Drapatyi and will boost long-range drone strikes on Russian targets.

1 / 2