The European Union plans to allocate €46.7 billion to Ukraine to cover budget needs. This information was confirmed by the President of the European Council António Costa in a recent interview.
Funding and Its Importance
According to the statements made by Costa, this amount will constitute approximately two-thirds of the total required sum of €70 billion needed by Ukraine to support its budget. The funds are expected to arrive in November 2026, which is a significant step in supporting the Ukrainian economy amid a challenging situation.
Expectations for the Decision Approval
The President of the European Council expressed hope that the decision regarding the funding will be made soon. This will serve as an important signal of support from the EU, which continues to actively assist Ukraine in its efforts to recover and stabilize its economy.