PoliticsBrussels hopes unused defence loans can help fill Ukraine’s budget gap

Name: Brussels hopes unused defence loans can help fill Ukraine’s budget gap
Uploaded: 2026-10-29T17:10:13.000Z
Description: The European Commission has reopened €21.3 billion in unused SAFE defence loans and urged EU governments to spend them on joint projects with Ukraine, which faces a €70 billion budget gap. Brussels cannot compel them, but hopes joint procurement rules will direct some funding to Kyiv.

The European Commission has reopened €21.3 billion in unused SAFE defence loans and urged EU governments to spend them on joint projects with Ukraine, which faces a €70 billion budget gap. Brussels cannot compel them, but hopes joint procurement rules will direct some funding to Kyiv.

euronews 2026-10-29 17:10