Key facts
- The EU is seeking additional funding for Ukraine at the IMF and G7 meetings in Bangkok.
- Ukraine's funding needs for 2027 are expected to exceed the €45 billion already pledged by the EU.
- The EU aims to cover approximately two-thirds of Ukraine's financing needs, with other partners expected to cover the rest.
- Norway has pledged an additional €9 billion for Ukraine for the upcoming year, following a similar amount this year.
The European Union is actively seeking to secure additional financial assistance for Ukraine from international partners during the ongoing International Monetary Fund (IMF) and G7 finance ministers' meetings in Bangkok. European Economic Commissioner Valdis Dombrovskis stated that while Ukraine's funding for 2026 is covered by approximately €31 billion from the EU, pending agreed reforms, significant needs are anticipated for 2027.
Despite an existing EU commitment of €45 billion for 2027, Dombrovskis indicated that Ukraine's requirements will be substantially higher. The EU is working to mobilize further cash from countries including Norway, Switzerland, Canada, Japan, and Britain. "This is one of the topics being discussed during the IMF and G7 meetings, where we are seeking to mobilise support from other partners," Dombrovskis told Reuters.
He emphasized the EU's goal to cover about two-thirds of Ukraine's financing needs, expecting other partners to contribute the remaining third. To facilitate this, the EU plans to accelerate the disbursement of its €45 billion for Ukraine next year, though the exact amount needed is still being determined. Dombrovskis also pointed out a discrepancy between pledged and delivered military support from some NATO member states, suggesting that closing this gap would significantly address Ukraine's military financing needs. Norway was highlighted as a substantial contributor, having pledged another €9 billion for the upcoming year, in addition to a similar amount this year.