The EU wants to allocate €100 billion to Ukraine by 2034

The European Commission (EC) has proposed allocating €100 billion to Ukraine for 2028-2034. This was reported by Barrons magazine on July 16.

"The EC has proposed to create a fund of up to €100 billion to support Ukraine during the next budget period of the 2028-2034 block," the article says.

The head of the Budget Committee, Petr Serafin, called it a long-term commitment to the restoration and reconstruction of Ukraine. He stressed that the allocated funds will go "beyond the ceiling" of the budget.

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Earlier, on July 8, Bloomberg reported that the European Union (EU) is considering the possibility of creating a fund in the amount of €100 billion to support Ukraine as part of the seven-year budget plan for unification for 2028-2034. According to the agency, this step demonstrates a greater increase in the interest of EU member states in the Ukrainian army than the United States.