Updated

The European Commission is working on a potential additional 45 billion euro loan for Ukraine in 2027 to cover funding shortfalls, on top of a separate 45 billion euro pledge under the 90 billion euro loan agreed in April 2026. The Kyiv Independent and Ukrainska Pravda reported the plans. Kyiv Post, citing the Financial Times, reported that German Chancellor Friedrich Merz has threatened to block the EU's next seven-year budget unless all member states commit to financing Ukraine in 2027 and beyond.