Ukraine's aid from non-EU allies could shrink fivefold - FT
Photo: EU leaders (Getty Images)
The EU is urging G7 countries to urgently increase financial support for Ukraine next year due to the risk of a significant aid deficit, according to the FT.
According to the European Commission's forecast, Kyiv's allies outside the EU have currently pledged to allocate only €4 billion for next year, which is almost five times less than the €19 billion in 2026.
In particular, G7 countries - the US, the United Kingdom, Canada, and Japan - are collectively prepared to provide only €1 billion.
Brussels has initiated emergency planning to find additional sources of funding, as it does not wish to cover the resulting deficit on its own. The EU and its member states account for 80% of the pledged support for Ukraine in 2027.
"Europe cannot meet Ukraine’s financing needs alone . . . International partners must also step up, including Nato allies," a European Commission representative stated.
Positions of Canada and Japan
The governments of the UK and Canada are preparing to release their 2027 budgets, which Brussels will monitor in anticipation of further pledges of aid to Ukraine.
The Canadian Department of Finance noted that it has provided Ukraine with C$27 billion in support since the start of the full-scale invasion, but declined to comment on the budget draft to be presented on November 5.
Meanwhile, a representative of the Japanese Ministry of Foreign Affairs refuted certain European Commission estimates, noting that the government is not currently making final statements regarding future funding volumes but is considering various options in light of discussions within the G7.
Shortfall in NATO aid
In addition to financial issues, the Commission estimates that NATO's 32 members are currently short by €13 billion of the €70 billion pledged this year for military support to Kyiv.
Despite this, the North Atlantic Alliance states that Secretary General Mark Rutte expects allies to continue providing resolute support to Ukraine.
President Volodymyr Zelenskyy stated that Ukraine needs €70 billion for defense from the European Union next year.
Euronews reported the EU is trying to find €70 billion to finance Ukraine in 2027. Due to the intensification of Russian strikes, the previously agreed loan is no longer sufficient to cover the needs, and Brussels has no simple solutions for attracting additional funds.
