The European Union plans to allocate approximately 46.7 billion euros to Ukraine from the 70 billion needed for budget support. This was announced by the President of the European Council, Charles Michel, on October 23, 2026.
Financial Support for Ukraine
The allocation of these funds is part of the EU's efforts to support Ukraine amid the economic challenges the country faces due to the war and other factors. Michel emphasized that this funding is crucial for ensuring the stability of the Ukrainian economy.
Expected Decision in November
The President of the European Council also noted that a final decision regarding the funding for Ukraine is expected to be made in November this year. This will be an important step towards strengthening economic cooperation between the EU and Ukraine.