EU Proposes €100 Billion Aid Package for Ukraine in 2028–2034 Budget

Edited by: Ирина iryna_blgka blgka

The European Commission has proposed allocating €100 billion in aid to Ukraine from the European Union's long-term budget for 2028–2034. This proposal aims to support Ukraine's recovery, resilience, and its path toward EU membership. The new aid package doubles the current Ukraine Facility budget of €50 billion, which was approved in February 2024 and runs through 2027. The proposed package includes €33 billion in loans and €17 billion in grants to support Ukraine's economy and reconstruction.

European Commission President Ursula von der Leyen emphasized the importance of this funding, stating, "We are doubling the Ukraine Facility—to support recovery, resilience, and their path to EU membership." She described the broader EU budget proposal as "a budget for a new era, that matches Europe's ambition... that strengthens our independence." The Commission's proposed overall EU budget for 2028–2034 totals €1.816 trillion, raising the bloc's budget ceiling from 1.1% to 1.26% of gross national income.

The proposal is subject to approval by all 27 EU member states and the European Parliament. Negotiations are expected to unfold over the next two years. If approved, the new aid package would begin to be disbursed in 2028, providing additional assistance to Ukraine amid ongoing challenges.

Sources

  • Livesystems

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