The European Commission is considering providing Ukraine with an additional loan of €45 billion in 2027. These funds would come on top of the already agreed Ukraine Support Loan of €90 billion for 2026–2027 and are intended to cover a significant portion of Kyiv’s increased financing gap.
This was stated on Monday, 9 November, by European Commissioner for Economy Valdis Dombrovskis on the sidelines of the Economic and Financial Affairs Council meeting in Brussels. According to him, Ukraine’s financing deficit for 2027 has turned out to be larger than expected and is estimated at around €70 billion. The EU aims to cover about two-thirds of this amount — that is, another €45 billion.
“We are working to cover Ukraine’s funding gap, which has emerged larger than expected. This is an additional €70 billion, of which the EU should aim to cover about two-thirds, that is, another €45 billion. We are currently working on options that we will later present to the member states,” Dombrovskis said. He stressed that he is “cautiously optimistic” about the possibility of finding a solution and securing this additional funding.
One of the main options under consideration is a credit scheme similar to the already agreed Ukraine Support Loan of €90 billion, potentially backed by frozen Russian assets. The Commissioner noted that this is “one of the main options we are currently assessing and working on.”
Even with a possible new €45 billion loan, Ukraine would still face a shortfall of around €25 billion in 2027, which Brussels expects other partners to help cover.
No final decision on the additional financing has been taken yet — the European Commission is preparing options for discussion with the member states. Sources in the EU and Kyiv note that some countries (as was the case with the €90 billion loan) may again try to opt out of participating in the scheme.
