EU & Ukraine's funding

At this event, we hosted two Ukrainian think-tanks and the Deputy Minister of Finance, Ms. Olga Zykova, via video link. The purpose of this discussion was to create a fruitful and engaging conversation between organisations and thinkers from Brussels and Ukraine. 

The EU is committed to covering Ukraine's funding needs for 2026-27 at an estimated cost of €135bn and will at the upcoming EU Council meeting take the decision on how to do so among the options presented by the European Commission. The financial choice made by EU leaders will have important implications for the EU-Ukraine relationship going forward, as a reparation loan would likely provide clarity for all the needed financing immediately, whereas alternative options might be subject to ongoing uncertainty. The EU's role as Ukraine's principal financial supporter via de facto taxpayers’ money will further have important implications for also Ukraine's ongoing EU accession process, the EU-IMF relationship and the treatment of Ukraine's existing bondholders.