The EU is pressing allies, such as the UK, Canada, Japan, South Korea, Australia, and Norway, to help close a €70bn shortfall in Ukraine’s funding for next year, after president Volodymyr Zelensky warned that the war will cost €155bn in 2027.

EU Council president António Costa told MEPs in Strasbourg on Wednesday (21 October) that member states already provided 80 percent of external aid to Ukraine and “international partners must also step up their efforts”. 

“Our commitment to peace must go hand in hand with sustained pressure on the aggressor,” he also said, after meeting Zelensky at an EU summit in Brussels last week.

European Commission president Ursula von der Leyen also told MEPs on Wednesday: “The war will not be decided on the frontline; the war will be decided in our political will, in whether we stand up for freedom and democracy and support our Ukrainian friends.” 

Zelensky’s €155bn figure refers to Ukraine’s total war-related spending in 2027, part of which Kyiv covers from its own budget.

But that still left a €70bn gap that Ukraine needed foreign partners to fill, as next year approached.

The EU has already agreed a €90bn loan covering 2026 and 2027, meant to meet two-thirds of Ukraine’s financing needs over that period.

The remaining third was supposed to come from other partners, but so far that money has been secured only for 2026, not for 2027.

Costa told MEPs on Wednesday that €16bn had been disbursed this year under the defence line of the loan, while another €17bn could be sent to Ukraine if anti-corruption reforms were implemented.

“Our determination to support Ukraine and its people is stronger than ever,” he said.

EU hopes for Ukraine cash from allies

Meanwhile, EU commissioner Maroš Šefčovič also indicated on Monday that Britain will be asked to increase funding to Ukraine, speaking ahead of an EU-UK summit on 20 November.

“Following the signature of a contribution agreement on 13 July 2026, the UK can now participate under the EU’s €90bn Ukraine support loan,” he said.

Both the EU and UK would support Ukraine “as long as it takes to bring Russia’s illegal war of aggression to an end”, Šefčovič added.

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