EU plans €90 billion support package for Ukraine over two years

Yahoo
Yahoo
50m ago
The European Commission set out plans for the EU to support Ukraine with €90 billion over two years, including €60 billion for military support and €30 billion for budget needs tied to reforms.
EU plans €90 billion support package for Ukraine over two years
A What happened
European Commission President Ursula von der Leyen unveiled details in Brussels on EU plans to support Ukraine with €90 billion over the next two years. The package includes €60 billion earmarked to bolster Ukraine’s military, with spending required on Ukrainian and European-built equipment, and limited ability to buy from abroad if needed equipment is not available in Europe. The remaining €30 billion is intended to support Kiev’s budgetary needs and is tied to reforms on democracy, rule of law, and anti-corruption measures.
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Key insights

  • 1

    EU links financial support to reforms: Von der Leyen said the €30 billion for budgetary needs is tied to reforms in democracy, rule of law, and anti-corruption, and called the conditions non-negotiable for any financial support.

  • 2

    Military funding aims to strengthen Ukraine and deepen EU defense integration: Von der Leyen said the military assistance can help Ukraine stand strong against Russia and integrate more closely into Europe’s defence industrial base.

Takeaways

The European Commission proposed a €90 billion two-year support package for Ukraine, with most funds for military support and the rest conditioned on governance reforms, and aims for a first disbursement as early as April pending scrutiny.

Topics

World & Politics Policy & Regulation International Affairs Security & Defense Corruption & Accountability

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