EU Intends To Allocate 100 Billion Euros To Support Ukraine: New Details

• 9.07.2025, 7:37

This is scheduled to take place on July 16.

Russia's war against Ukraine shows no signs of ending. The EU is therefore considering setting up a 100 billion euro fund to support Kiev.

According to Bloomberg.

Sources said the money could be part of the EU's proposal for the next seven-year budget, which is due at the end of the month.

If the bloc's countries adopt it as part of the budget treaties, the funding would start to be disbursed in 2028 to maintain stable financial aid to the country, the cat The sources said this should happen on July 16, although some elements could come in at a later stage.

In June, the European Commission told EU finance ministers that Ukraine's financial needs should be covered by early 2027 and that an $8.4 billion increase in defense spending this year is expected to be financed from domestic sources.

The EC also warned that a budget deficit could emerge due to the ongoing war, reduced international aid and weaker economic activity.

The Commission also warned that a budget deficit could emerge due to the ongoing war, reduced international aid and weaker economic activity.

In addition, Dombrovskis said the EC would consider the options available to it to increase aid "through the EU budget as well as through possibilities to use proceeds from Russian sovereign assets" after the IMF assesses Ukraine's potential financing gap.