AGP Picks
View all

EU Releases Billions to Ukraine for Drones, Missiles, Air Defense

(MENAFN) The European Commission has transferred €2.86 billion ($3.2 billion) to Ukraine to finance drones, missile supplies, air defense equipment and other pressing military requirements as attacks on the country continue.

The funding was released through the defense component of the European Union’s €90 billion Ukraine Support Loan, according to an official statement.

The financial assistance will help Ukraine acquire a range of military equipment, including drones, air defense systems, missiles, radar technology, electronic warfare equipment and ammunition.

European Commission President Ursula von der Leyen emphasized the importance of continued European assistance as Russia maintains its military campaign.

"As Russia stalls on the frontlines, it continues to escalate its aerial attacks - cruelly targeting Ukrainian civilians and infrastructure. Europe's steadfast support matters more than ever to help Ukraine protect its skies and save lives," she said.

The EU’s loan package for 2026–2027 allocates €60 billion for defense needs and another €30 billion to support Ukraine’s budget.

According to the Commission, €28.3 billion was scheduled for release during 2026 to expand Ukraine’s defense manufacturing capabilities. Additional payments under the military funding component are expected in the coming weeks.

The Commission also reported that Ukraine had €29.64 billion in financial assistance remaining for the rest of 2026.

Of this total, €25.24 billion is available through the Ukraine Support Loan, comprising €12.54 billion for strengthening domestic defense production and €12.7 billion in budgetary assistance.

MENAFN15102026000045017640ID1111811801

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

Share this page:

Advanced Search Options

Search for:

Search scope:

Type:

Search in:

Date range:

The last

Sort by:

Sign up for:

EU Politics Today

The daily local news briefing you can trust. Every day. Subscribe now.

By signing up, you agree to our Terms & Conditions.