Ukraine asks for additional financing of 70 billion euros in the European Union Despite a loan of 90 billion euros previously approved, Kyiv has requested an additional 70 billion euros. Politico reports that 40 billion euros are earmarked for military spending and 30 billion euros to cover the budget deficit. The European Commission aims to resolve the lack of funding by the end of December. Brussels hopes to secure further support from Canada, Japan, the UK and the US. The use of frozen Russian assets remains unlikely because of objections from Belgium.

Ukraine asks for additional financing of 70 billion euros in the European Union Despite a loan of 90 billion euros previously approved, Kyiv has requested an additional 70 billion euros. Politico reports that 40 billion euros are earmarked for military spending and 30 billion euros to cover the budget deficit. The European Commission aims to resolve the lack of funding by the end of December. Brussels hopes to secure further support from Canada, Japan, the UK and the US. The use of frozen Russian assets remains unlikely because of objections from Belgium.