EU Presses G7 Allies for Ukraine Funding in 2027, FT Reports
The European Commission is urging G7 countries to provide funding for Ukraine next year, as a 70 billion euro budget gap looms. The EU is also drafting contingency plans, including joint debt issuance.
The European Commission, the EU's executive arm, is pressing partners in the Group of Seven (G7) to commit funding to Ukraine for 2027. Ukraine faces a projected budget gap of 70 billion euros, while aid from countries outside the bloc is shrinking. The Financial Times reported this, citing Commission estimates and diplomats.
What the estimates show
Ukraine forecasts a 70 billion euro financing shortfall in 2027, which the Commission confirms. The figure factors in military spending after the last weapons allocated under US President Joe Biden are delivered. Current US President Donald Trump has halted all direct funding for Ukraine.
The Commission's forecast shows that Ukraine's non-EU allies have so far pledged only 4 billion euros for next year, compared with 19 billion euros in 2026. The G7 states – the US, the UK, Canada and Japan – together plan to provide just 1 billion euros.
The EU contingency plan
The EU has started emergency planning to find additional money for Ukraine's financial stability in 2027, in case NATO and G7 partners do not increase their contributions. Commission officials are weighing several mechanisms, including joint debt issuance, which is due to be discussed at a summit in late November. At the same time, Brussels is holding bilateral talks with London, Ottawa and other capitals. European officials are waiting for the UK and Canadian 2027 budgets, hoping to see new commitments to support Ukraine.
Brussels nonetheless rules out covering the gap alone. A Commission spokesperson said the EU and its member states account for 80% of the aid pledged to Ukraine for 2027, stressing that Europe cannot meet Ukraine's financial needs by itself and that international partners, including NATO allies, must contribute.
Partners' positions
A spokesperson for Canada's Finance Ministry noted that Ottawa has committed 27 billion Canadian dollars in aid since Russia's full-scale invasion in 2022, but declined to speculate on what next week's budget will contain. Japan's Foreign Ministry disagreed with the Commission's conclusions, saying the government cannot make definitive statements on future support, though it is considering options, including in consultations among G7 members.
Beyond the budget gap, a shortfall also exists in military aid: the Commission estimates that 32 NATO countries are 13 billion euros short of fulfilling this year's pledge to give Kyiv 70 billion euros in defense support.
