European commission reserves 100B euros for helping Ukraine in EU budget until 2034

A separate provision, allocating 100 billion euros for helping Ukraine, was included in the European Union’s budget plan for 2028-2034, Bloomberg noted citing the draft document, Report informs.

The agency said the European Commission explained the move by the need to provide stable financial assistance to Ukraine.

Since the start of the conflict in Ukraine, total financial, economic and military aid, provided by the European Union and its member states to Kyiv, has reached 160 billion euros.

Now the European Commission wants to make assistance to Ukraine a separate provision of its budget.

The draft budget for 2028-2034 is expected to be unveiled next week. Talks on the budget may continue until late 2027, and must eventually result in a consensus.