❗️EU leaders have tasked the European Commission with preparing a concrete proposal to cover Ukraine’s additional €70 billion funding gap for 2027.

❗️EU leaders have tasked the European Commission with preparing a concrete proposal to cover Ukraine’s additional €70 billion funding gap for 2027. European Council President António Costa said the plan will later be discussed and approved by EU leaders. The €70 billion would come on top of funding already planned for 2027 under the EU’s €90 billion loan. No deadline or source for the additional money has yet been agreed, including whether frozen Russian assets could be used.