Details

The European Commissioner also said that today NATO Secretary General Mark Rutte will join the finance ministers to discuss the dynamics of defense spending of the EU member states.

Context

He expressed “cautious optimism” that among the financing options for Ukraine in 2027 that the European Commission will present to member states later this month, it will be possible to find the most acceptable and timely agreement.

What's next

The European Commissioner said that in parallel with the processing of financing for Ukraine for the next year within the framework of the current loan to support Ukraine, the EU is also “working to cover the funding deficit of Ukraine, which turned out to be greater than was expected, namely an additional 70 billion euros, and the EU intends to cover about two-thirds of this amount, that is, another 45 billion euros. "

The European Commission plans to present options for covering at least two-thirds of this deficit to EU member states for discussion by the end of this month. The rest of the funding, according to the EU, should be provided by other partners of Ukraine, including members of the G7 format.