Business · Economy · 2 hrs ago
EU considers a new €45 billion loan for Ukraine in 2027
Ukraine expects a €70 billion budget shortfall in 2027.
The European Union is considering a new €45 billion loan for Ukraine to help cover part of that gap.
This would be separate from another €45 billion the EU is set to provide in 2027 under a loan agreed in April 2026.
Even if both amounts are provided, Ukraine could still be short by about €25 billion, and the EU expects other countries to help fill the gap.
Norway, the United Kingdom and Canada have already announced pledges for 2027.
The European Commission must circulate the new proposal, and EU countries must agree on its terms.
Countries may opt out, and EU members must settle how to pay interest while also facing higher defence spending and decisions on the next EU budget.
The European Union is considering a new 45 billion-euro loan for Ukraine in 2027.
The proposal was raised by EU Economy Commissioner Valdis Dombrovskis on Nov. 9.
Ukraine is projected to face a 70 billion-euro budget shortfall in 2027.
If the new loan is approved, Ukraine would still face a shortfall of roughly 25 billion euros.
The European Commission must circulate the plan before EU countries can agree on its terms.
- Who
- The European Union is considering the loan for Ukraine.
- What
- A proposed 45 billion-euro loan to help cover Ukraine’s projected 2027 budget shortfall.
- When
- For 2027; Dombrovskis raised the plan on Nov. 9, 2026.
- Where
- Ukraine; the proposal was raised ahead of a meeting of EU economy ministers.
- Why
- To partially bridge Ukraine’s projected 70 billion-euro budget shortfall in 2027.
This story does not have two clearly opposing sides.
The EU put together a separate 90 billion-euro loan that includes a pledge of 45 billion euros for Ukraine in 2027.
Dombrovskis raised a proposal for a further 45 billion-euro loan ahead of a meeting of EU economy ministers.
The European Commission is expected to circulate the proposal for EU countries to consider.
- Proposed new loan
- 45 billion euros
- Projected 2027 budget shortfall
- 70 billion euros
- Remaining shortfall if new loan is approved
- Roughly 25 billion euros
- Separate EU loan agreed in April 2026
- 90 billion euros
- Countries named as having announced 2027 pledges
- Norway, the U.K. and Canada