Balázs Ujváry
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Ukraine tells EU it needs additional $27 billion by year-end, prompting surprise in Europe
President Volodymyr Zelenskyy told European partners that Ukraine needs an additional $27 billion by the end of 2026 to cover a defence budget gap. The request, which came during a European visit for Ukraine's Independence Day, surprised officials who had agreed to a $100 billion-plus EU loan earlier in the year. European officials are now examining the size, causes, and justification of the deficit, while Ukraine is also seeking help from the United Kingdom, Canada, and Japan and pressing for the use of frozen Russian sovereign assets held at Euroclear in Brussels.
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EU approves €3.2 billion tranche for Ukraine to buy Patriot interceptors under €90 billion loan
EU member states have approved a derogation allowing Ukraine to purchase critical products for Patriot air defense systems — notably US-made PAC-3 interceptors — using funds from the €90 billion Ukraine Support Loan. The next disbursement under the loan is €3.2 billion, on top of €8.4 billion already provided. European Commission President Ursula von der Leyen and NATO Secretary General Mark Rutte jointly welcomed the decision.