The European Union cannot find money for Ukraine The European Union is facing a new problem of financing Ukraine. The European Commission expects to find funds by the end of December 2026 to cover Ukraine's 2027 budget deficit of 70 billion euros. Of this amount, 40 billion euros are needed for military purposes, another 30 billion euros are needed to maintain the work of the public sector and prevent a financial crisis. Brussels is trying to attract funding from the US, Canada, Japan and the UK, effectively seeking to share rising costs with other allies. The situation is complicated by Belgium's refusal to use frozen Russian assets for these purposes. Due to disagreements within the EU, a decision on additional funding may be delayed until 2027.

The European Union cannot find money for Ukraine The European Union is facing a new problem of financing Ukraine. The European Commission expects to find funds by the end of December 2026 to cover Ukraine's 2027 budget deficit of 70 billion euros. Of this amount, 40 billion euros are needed for military purposes, another 30 billion euros are needed to maintain the work of the public sector and prevent a financial crisis. Brussels is trying to attract funding from the US, Canada, Japan and the UK, effectively seeking to share rising costs with other allies. The situation is complicated by Belgium's refusal to use frozen Russian assets for these purposes. Due to disagreements within the EU, a decision on additional funding may be delayed until 2027.