AdvertiseDonate
Breaking Portal · 1819 JFK Boulevard, Suite 307, Philadelphia, PA 19103

EU seeks £58bn from UK for Ukraine

Brussels officials plan to pressure Prime Minister Andy Burnham to close a projected 2027 funding deficit during a November summit.

By Kenji Hassan ·

Illustration for: EU seeks £58bn from UK for Ukraine
Illustration generated for this article, not a news photograph.

European Union leaders intend to demand that Britain increase its financial contribution to Ukraine when Prime Minister Andy Burnham attends a summit in Brussels on 20 November. The bloc argues that the United Kingdom, Canada, and Japan must provide greater support to Kyiv as the war enters its fifth winter. Brussels states that previous requests for additional aid from these G7 nations have not been met.

Ukraine faces a funding shortfall of 70 billion euros, or 58 billion pounds, in 2027 for defense and civilian needs. The European Commission reports that the EU and its member states currently cover 80% of Ukraine's financial requirements. Commission President Ursula von der Leyen stated last week that the EU believes a fair share is two-thirds, with other allies covering the remaining third. She told reporters, "We will continue to lead, but we urgently need other partners to step up."

Von der Leyen will also ask Canadian Prime Minister Mark Carney to assist with the shortfall at an EU-Canada summit in Montreal next week. A similar request will be directed to Burnham during his meeting with von der Leyen and European Council President António Costa. The timing places pressure on the British government as Chancellor John Healey prepares his first budget. Healey is weighing calls for increased spending against rising borrowing costs and a weakening economic outlook. Earlier this month, he said he was "working on different ways we can step up support for Ukraine: military, diplomatic and economic."

The EU agreed to a 90 billion euro loan last year to cover two-thirds of Ukraine's funding for 2026 and 2027. However, escalating Russian attacks have increased costs. EU officials have prioritized non-EU G7 members, specifically the UK, Canada, and Japan, but may also seek aid from Switzerland, South Korea, Australia, and New Zealand. The British government has committed 25 billion pounds to Ukraine, including 16 billion pounds in military aid. According to the Kiel Institute's Ukraine Support Tracker, the UK is the fourth largest donor after the US, Germany, and France. Weighted by GDP, the UK contributes 0.86% of national income, compared with 1.1% for France and 1.5% for Germany. Denmark and Estonia lead with contributions of 4.2% and 3.8% respectively.

The 20 November summit will address issues beyond Ukraine funding. Leaders are expected to finalize three agreements: a food and animal health deal to reduce Brexit paperwork, a linkage of EU and UK emissions trading schemes to protect British industry from European carbon taxes, and a youth mobility scheme for those aged 18 to 30. The European Commission has proposed deferring the dispute over university tuition fees to technical talks within six months of the summit. The UK wants to charge EU students the international rate, which is about four times the domestic fee, while the EU seeks to restore pre-Brexit home rates.

EU diplomats believe they retain leverage because the food and emissions deals will not take effect until a youth mobility agreement is reached. One EU diplomat described the three elements as a "sort of gift to the UK, but not a massive gift," noting that "the leverage is that the UK needs this." Another diplomat noted there is no clear majority among the 27 member states to drop the fee issue for six months.

Source: The Guardian

More World · Report a business · Got a Story?

Get Breaking Portal in your inboxNews you can follow. Free, a few times a week, unsubscribe any time.

Related stories

Get Breaking Portal in your inboxNews you can follow. Free, a few times a week, unsubscribe any time.