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EU agrees €45B loan for Ukraine’s 2027 budget

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Story summary
  • Commission and Ukraine identified funds to cover Ukraine’s 2026 budget and defence needs.
  • The EU loan will allocate €45 billion for 2027, subject to established conditions.
  • Prime Minister Sergii Koretskyi said Ukraine faces a $27 billion defence funding gap for 2027.
  • Finance Minister Sergii Marchenko warned of a $78 billion total shortfall for 2027.
  • Both sides will meet monthly to coordinate budgeting and defence financing, and must meet reform benchmarks to unlock funds.