The proposal aims to maintain budgetary support for Kyiv and strengthen Ukraine’s defence capabilities, according to a commission statement, Anadolu Agency reported.
Under the plan, the €45 billion would be allocated by Dec. 31, 2027, with up to €13.3 billion earmarked for budgetary support and €31.7 billion designated for Ukraine’s defence industrial capacity.
***
European Commission President Ursula von der Leyen said the proposal would give Ukraine much-needed financial predictability and help it maintain essential public services.
“Together with our allies, we must also do everything in our power to mount pressure on Russia to stop its barbaric war of aggression,” she said.
The budgetary assistance would be subject to conditions covering the rule of law, anti-corruption efforts, economic resilience and sustainability. The proposal also includes safeguards to protect the EU’s financial interests.
The plan will now be submitted to the European Council for approval. Member states will decide how the assistance is allocated across the different funding mechanisms.
Following adoption, the commission aims to begin disbursing the funds to Ukraine in early 2027.
Since the start of Russia’s war against Ukraine, the EU and its member states have provided €231.6 billion in overall support to Kyiv, including €3.8 billion generated from immobilised Russian assets.
