The European Union is preparing a new seven-year budget with the support of Ukraine
Фото: REUTERS
Tonight, the EU is expected to approve a new budget plan of 1.7 trillion euros for a seven-year period, which includes more than 80 billion euros in aid to Ukraine.
This is reported by Politico sources.
As stated in the document, the European Commission is considering a centralised budget of “€1.717 trillion” for 2028-2034. If this amount is approved tonight under Ursula von der Leyen, total spending would increase from the current ~1.1% of GDP to 1.23% in the period after 2028.
According to the publication, four European officials and diplomats have already confirmed the figure, but it has not yet been disclosed even to the majority of the 27 members of the European Commission. The final vote is due to take place in the morning hours.
According to forecasts, Ukraine will be allocated about 88 billion euros from this general fund for 2028–2034.
As a reminder, the EU announced the signing of agreements for Ukraine for 2.3 billion euros in the form of loan guarantees and grants.
As reported, Ukraine received 1 billion euros from the European Union from the proceeds of frozen Russian assets.
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