EU Leaders Agree on $97 Billion Support Package for Ukraine in 2026-2027

EU summit participants have agreed to provide Ukraine with $97 billion in support over the period of 2026-2027.

This was announced by European Council President António Costa on the social media platform X on December 19.

“We have a deal. Decision to provide 90 billion euros ($97 billion) of support to Ukraine for 2026-27 approved. We committed, we delivered,” Costa stated.

At the same time, German Chancellor Friedrich Merz clarified that this would be an interest-free loan.

“This sends a clear signal from Europe to Putin: This war will not be worth it. We will keep Russian assets frozen until Russia has compensated Ukraine,” he wrote on X.

Merz added that Ukraine would only be required to repay the loan once Russia has made reparations.

Additionally, the United States Senate has approved its annual defense bill, which allocates $800 million in security aid to Ukraine for the fiscal years 2026 and 2027.

The funds will be distributed through the Ukraine Security Assistance Initiative, a program managed by the Pentagon that purchases military supplies from US defense contractors and delivers them to Ukraine. This initiative is a central component of US support for Ukraine's defense efforts in its ongoing war with Russia.

Earlier, Ukrainian President Volodymyr Zelenskyy warned that the country would be forced to drastically reduce its drone production if it does not receive the expected funding from the European Union in the spring.

Support our frontline reporters

We report from the front lines to show the reality of war. Your support helps us stay there and tell the stories that matter.

DONATE NOW