Kyiv asks the European Union for additional funding of 32,600 million

A it was revealed by the European Commissioner for Economic Affairs, Valdis Dombrovskis, at a press conference following the informal meeting of EU Ministers for Economic Affairs and Finance in Dublin, Ireland.

The Community official said that both parties are working to determine Kyiv's financing needs, although they are still unable to quantify the economic deficit against the forecasts for next year.

However, he stressed that “the situation is becoming clearer” and that certain contributions from the International Monetary Fund (IMF) are still needed, while teams from both sides work “in close collaboration”.

“ Within a relatively short time, we will be able to quantify the deficit and see how to manage the situation for 2027,” said Dombrovskis.

The Latvian politician today recalled that Ukraine faces ever greater funding needs because “Russian invasion and aggression are intensifying”.

According to Dombrovskis, the risks to the Ukrainian economy have also increased, while the financing deficit identified by the IMF for 2027, which was initially expected to be addressed that year, now seems “unfortunately less likely”.

In any case, the European Union is already making available the EUR 90 billion loan in military and budgetary aid it has approved for Ukraine for this year and for the next year, of which the first disbursements have already been made.

As regards possible additional options to finance Kyiv, it stated that the European Commission does not rule out putting the proposal to use frozen Russian assets in the EU on the table again, as required by Spain, Poland, the Netherlands and Sweden in a letter at the end of August, in which they stressed that the current loan will not be sufficient.

“From the Commission, we were very clear when we presented the proposal last year and we are ready to support the discussions also now and study the modalities,” said Dombrovskis, who considered “very likely” that this debate should be resumed if Russia does not pay for the war repairs.

In December 2025, the EU failed to get the 90 billion loan financed from the revenues generated by frozen Russian assets, mainly because of the Belgian opposition, where most of these assets are deposited and whose government feared Moscow reprisals.

On arrival at this informal meeting, Marchenko reiterated that Kyiv is currently facing “uncovered funding needs” worth around €32,600 million.

Marchenko also called on European countries to step up the new threats from Russia, including the hybrid war, and advocated greater cooperation between the European Defence Ministries.

According to the minister, Ukraine can contribute to this preparation by sharing its experience in modern warfare as well as the knowledge and technology acquired during the conflict.