Slovakia and Hungary reject Ukraine’s €70 billion EU funding request for 2027
Slovak Prime Minister Robert Fico said Slovakia would not join a proposed €70 billion package for Ukraine’s 2027 defence and state needs, and said Hungary shares its position, according to The Kyiv Independent. Ukrainian President Volodymyr Zelensky said EU leaders showed broad support for the request, while the European Council tasked the Commission with drafting proposals to address the funding gap, Kyiv Post reported.
Bottom line — The Commission must propose how to address Ukraine’s €70 billion 2027 shortfall, despite Slovakia and Hungary opting out.
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Zelensky said Ukraine needs the additional funding for defence and resilience, The Kyiv Independent reported.
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The EU has already approved a €90 billion loan covering Ukraine’s needs through 2027, but Kyiv still faces a shortfall, The Kyiv Independent said.
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Fico said Slovakia would instead support Ukraine through education, logistics and energy cooperation, according to The Kyiv Independent.
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Kyiv Post reported that the Commission’s proposal remains exploratory and that the existing loan earmarks €45 billion for 2027.
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French President Emmanuel Macron said allies, including the G7 and European partners, would examine the funding request, Kyiv Independent reported.