EU Weighs €100 Billion Fund for Ukraine in Next Budget Proposal

The European Union is considering setting up a €100 billion ($117 billion) fund to support Ukraine as its war with Russia following Moscow’s full-scale invasion shows no signs of ending.

The money may become part of the EU’s proposal for its next seven-year budget, which is due to be presented later this month, according to people familiar with the matter. If accepted by member states as part of budgetary negotiations, the funding would start being disbursed in 2028 to maintain steady financial assistance to the war-torn country, the people said, speaking on condition of anonymity.