The European Union will allocate an additional €4.36 billion to Ukraine to support its state budget and meet the needs of its armed forces. European Commission President Ursula von der Leyen announced this in a post on social media X. "Ukraine is about to start its fifth wartime winter.
And as efforts to achieve a just and lasting peace for Ukraine continue, so too does the EU’s unwavering support. Today we are disbursing a €4.36 billion package for Ukraine," she wrote. According to the European Commission's website, the latest assistance is being provided under the €90 billion loan package.
Of the total amount, €3.7 billion will be allocated as macro-financial assistance, while another €660 million will go towards defence needs. On October 16, Ukrainian President Volodymyr Zelenskyy requested additional EU funding to help cover a €70 billion deficit in the state budget. European Council President Antonio Costa later said that the EU was prepared to cover two-thirds of this amount, or approximately €46.7 billion.
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