European Union plans to cover two-thirds of Ukraine's funding gap

The European Commission is working to secure a political agreement by the end of the year to address Ukraine's projected €70 billion funding deficit for next year. An internal EU document indicates that the bloc aims to cover approximately two-thirds of this amount. The deficit is estimated to consist of €40 billion for military expenditures and €30 billion for the national budget.

EU leaders are expected to discuss financing options during an extraordinary summit in Brussels on November 26–27. The Commission has noted that the rapidly changing battlefield requires flexibility in providing future support to respond operationally to evolving needs. While the EU is central to the plan, the document emphasizes that international partners, including the United States, the United Kingdom, Canada, and Japan, must fulfill their financial commitments to support Ukraine's defense and essential state functions.

The military funding gap could potentially decrease to €27 billion if NATO member states honor bilateral aid commitments made in Ankara. However, officials cautioned that these figures remain subject to high uncertainty. Notably, proposals are unlikely to include the use of frozen Russian state assets, as the Belgian government has expressed opposition due to fears of Russian retaliation.