Written by Tim Peters with Elena Bersani.
Updated on 29.05.2026.
The European Union (EU) and its Member States together as ‘Team Europe’ have mobilised around €200 billion in financial, military and humanitarian assistance for Ukraine since the start of Russia’s full-scale war of aggression in February 2022. Based on figures provided by the Kiel Institute, the military, financial and humanitarian support to Ukraine from ‘Team Europe’ and other European states such as the United Kingdom and Norway increased sharply in 2025. That increase was able to nearly balance the full withdrawal of the United States.
On 23 April 2026, the Council of the EU finally adopted a €90 billion Ukraine Support Loan under enhanced cooperation to cover Ukraine’s financing needs for 2026 and 2027, which had been held up by Hungary. Of this amount, an indicative €60 billion will strengthen Ukraine’s defence industrial capacities and €30 billion will provide macro-financial and budget assistance, subject to reform conditionality. Arrangements for the first disbursement are currently being finalised.
On 26 February 2026, the IMF Executive Board approved a new 48-month Extended Fund Facility of SDR5.9 billion as part of a broader US$136.5 billion international support package, aimed at restoring debt sustainability and advancing structural reforms. Repayments on the earlier G7 ERA loans are funded through revenues from immobilised Russian sovereign assets via the Ukraine Loan Cooperation Mechanism, at no cost to Ukraine. On 12 December 2025, the Council permanently immobilised Central Bank of Russia assets held in the EU, providing a more stable legal foundation for their continued use.
This ‘state of play’ briefing is updated regularly.
Read the complete briefing on ‘State of Play: EU support to Ukraine‘ in the Think Tank pages of the European Parliament.
Comments are closed for this post.