European Commission aims for year-end deal on Ukraine’s projected €70 billion 2027 funding gap

POLITICO reports that a European Commission document seeks a political agreement on Ukraine’s projected €70 billion 2027 funding gap by the end of 2026. The shortfall remains despite a €90 billion loan agreed in December 2025. The document warns that estimates, especially for defense, are highly uncertain. Three EU officials told POLITICO that financing options are unlikely to include frozen Russian state assets, which Belgium opposes.