**EU Considers 100 Billion Euro Fund for Ukraine Amid Waning US Support**
The European Union is considering a massive 100 billion euro fund to support Ukraine, as reported by Bloomberg on July 8. This proposed funding would be part of the next seven-year EU budget and aims to provide additional assistance to the war-torn country.
According to sources familiar with the proposal, the fund would begin to be disbursed in 2028. This move comes amid a decrease in US support for Ukraine, which has been a major recipient of military and financial aid since Russia’s full-scale invasion in February 2022.
**Previous Calls for Increased Funding**
This proposal is not new, however. In December 2024, European Union Commissioner for Defense and Space, Andrius Kubilius, called for the additional funding to be included in the seven-year EU budget. The fund would complement other options being discussed by the EU before releasing the Multiannual Financial Framework on July 16.
**US Support Becoming Unpredictable**
The US has been a significant supporter of Ukraine since the start of the conflict, but its support has become increasingly unpredictable. In recent days, contradictory statements have come out of the White House regarding additional military shipments to Ukraine.
On July 2, it was announced that there would be a halt in weapons shipments due to dwindling US stockpiles. President Trump later claimed he wasn’t responsible for the decision and wanted to send more weapons to Ukraine.
**Alternative Plans**
In response to this uncertainty, alternative plans are being pursued by the White House and European allies. Axios reported on July 8 that Germany is considering selling another Patriot battery to Ukraine, with the US and European allies splitting the cost of the purchase. President Trump also pledged to send 10 Patriot interceptor missiles to Kyiv.
**Previous EU Support**
The proposed new funding agreement would follow previous support provided through the European Commission through grants and loans. Since February 2022, the EU has provided 160 billion euros ($187 billion) in aid to Ukraine, alongside loans from the Group of Seven (G7) countries as part of a $50 billion loan backed by frozen Russian assets.
**Ukraine’s Budget Deficit**
As Ukraine continues to face financial challenges amid the war, its budget deficit is expected to continue growing. The Financial Times reported on July 8 that the European Commission is discussing separate options with EU member states to help Kyiv sustain its economy. The deficit could range from $8 billion to $19 billion in 2026.
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