Special European Council to discuss €50 billion support package to Ukraine on 1 February
January 30, 2024

Special European Council to discuss €50 billion support package to Ukraine on 1 February

EU leaders will gather on 1 February in Brussels to discuss the mid-term revision of the EU’s long-term budget for 2021-2027, including support to Ukraine.

The €50 billion package for Ukraine – Ukraine Facility – should consist of €17 billion in grants and €33 billion in loans. It was proposed by European Commission President Ursula von der Leyen in June 2023 to provide predictable finance to Ukraine on its EU path and to the EU budget dealing “with crisis after crisis”.

At the European Summit held in Brussels on 14-15 December 2024, it was decided to postpone the decision on the allocation of aid to Ukraine until next year.

“In the face of unprecedented and unexpected challenges, including Russia’s war of aggression against Ukraine, the global COVID-19 pandemic and rising interest rates, the EU’s long-term budget needs to be reinforced as it has come under pressure,” says a press release by the European Council, published today. “In this context, leaders will discuss the proposed mid-term revision of the multiannual financial framework (MFF) 2021-2027, which includes the creation of a Ukraine Facility to provide long-term stability to Ukraine.”

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Press release


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