European Commission Prepares €45 Billion Aid Package for Ukraine by 2027

The European Commission has developed a mechanism to allocate an additional €45 billion ($50.4 billion) to Ukraine by the end of 2027. This substantial financial support, reported on October 30, 2026, includes €13.3 billion for Ukraine's state budget and €31.7 billion for developing its defense industrial capacity. Separately, the European Commission proposed allocating €8.04 billion ($9.41 billion) to Ukraine under the Ukraine Facility program, with a slight reduction due to incomplete fulfillment of certain reform conditions. Canada also plans to join the lending program, allowing Ukraine to purchase military equipment from Canadian defense companies.