The European Union has begun lobbying Canada and the United Kingdom to increase their funding for Ukraine, as Kyiv heads towards a shortfall of around €70 billion in 2027, Politico reported, in reporting carried by Brussels Signal.
Source: Politico via Brussels Signal
Five EU and European Commission officials and diplomats confirmed the push would be made at an EU–Canada summit on October 29–30 and at a meeting with British leaders on November 20, Politico reported. Ambassadors from the 27 member states were due to discuss the preparations and Ukraine's financing in Brussels on Thursday, October 22.
Yaani: the gap is €70 billion — roughly 7,000 crore euros — for 2027 alone. The EU's already-agreed loan is €90 billion (about 9,000 crore euros) for 2026 and 2027 together.
Why Brussels is looking outside the bloc
EU leaders agreed in December 2025 to lend Ukraine €90 billion for 2026 and 2027, raised through joint borrowing and backed by the EU budget, Brussels Signal reported. That loan was designed to meet only about two-thirds of the needs the International Monetary Fund has put at some €137 billion over the two years, with Canada, Japan, South Korea, Australia and Norway expected to supply a further €45 billion.
That partner money has not arrived in the amounts Brussels wanted. European Commission President Ursula von der Leyen said on October 16 that the bloc and its member states were providing 80 per cent of the external assistance reaching Ukraine and called on other partners to step up, UNN reported, citing Politico.
Source: Politico via UNN / EuropeSays
Not a criticism, officials say
Officials stressed the push was not a criticism of Britain or Canada, both strong supporters of Ukraine: the UK says it has committed £25 billion for Ukraine, and Canada has promised €5.4 billion in military assistance and €8.2 billion in direct financial support, while the EU and its members say they have contributed more than €231 billion since Russia's full-scale invasion, Politico reported via UNN.
EU diplomats said no formal agreement is expected at the summits, but Ukraine support is likely to shape the political climate of Brussels' parallel talks on closer trade and defence ties with London and Ottawa. The bloc has also raised Ukraine's 2027 needs at meetings of the IMF, the G7 and the G20, and with Gulf Cooperation Council countries, UNN reported.
Sources: Politico reporting via Brussels Signal, October 21; Politico via UNN / EuropeSays, October 21; EUobserver summary via EU Agenda, October 22.