The European Commission and Ukraine said they had identified funding to cover Ukraine’s budgetary and defence needs for 2026 and the remainder of the current year. They also agreed to move swiftly on allocating €45 billion from the EU’s €90 billion loan for 2027, subject to established conditions, including political reform benchmarks. Ukraine is relying heavily on the loan as it fights Russia’s 2022 invasion and has been seeking to close a reported $27 billion funding gap for combat operations at the start of 2027. The sides said they would begin identifying additional needs, while an EU official said talks had produced a clear path forward rather than closing the door on Ukraine’s funding request.