# EU Weighs Extra €70 Billion for Ukraine in 2027 as Slovakia and Hungary Refuse to Join

*Saturday, October 17, 2026 at 8:07 AM UTC — Hamer Intelligence Services Desk*

**Published**: 2026-10-17T08:07:56.365Z (2h ago)
**Category**: geopolitics | **Region**: Eastern Europe
**Importance**: 8/10
**Sources**: OSINT
**Permalink**: https://hamerintel.com/data/articles/20796.md
**Source**: https://hamerintel.com/summaries

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**Deck**: EU leaders have asked the European Commission to draft a plan for an extra €70 billion in Ukraine financing for 2027, on top of an existing €90 billion loan, while Slovakia and Hungary say they won’t take part but will not block others.

European governments are preparing for a new round of costly Ukraine support in 2027, even as two member states publicly distance themselves from the next package.

EU leaders have tasked the European Commission with drawing up a concrete proposal to cover an additional €70 billion in funding for Ukraine in 2027, according to statements from European Council President António Costa. The money would come on top of €90 billion in loans already planned for that year under an EU facility for Kyiv.

There is no agreed deadline for the Commission’s proposal and no decision yet on where the extra €70 billion would come from. Costa said the plan will be discussed and approved by EU leaders once drafted, but has not indicated whether the new support would take the form of grants, more loans, guarantees or another structure.

Slovak Prime Minister Robert Fico says Slovakia and Hungary will not participate in the proposed €70 billion effort. He also says neither country plans to stand in the way if the rest of the EU decides to provide the additional money without them. In practice, that means both governments are signaling at home that they will not commit fresh national funds while leaving room for other member states to proceed.

For Ukraine, the focus is the total level of support rather than which capitals contribute. The Ukrainian state budget depends heavily on Western financing to pay public sector salaries, pensions and basic services, alongside reconstruction of damaged infrastructure. A gap of €70 billion in 2027 would force deep cuts unless other sources fill it.

European taxpayers and industries are also exposed to how the package is designed. EU‑backed loans and guarantees often channel money back into contracts for European companies that supply Ukraine with power equipment, transport hardware and other goods. But political resistance to long‑term Ukraine commitments has grown in some countries, and Fico’s stance reflects that tension.

The debate will send signals beyond Europe. Moscow will study whether the EU can sustain both the existing €90 billion loan and the additional €70 billion and may adjust its expectations of how long Ukraine can finance the war. Policymakers in Washington will be watching whether European states can shoulder a larger share of Ukraine’s needs if U.S. support changes.

Key markers to watch are how quickly the Commission produces its proposal, what mix of instruments it uses, which member states line up in favor or quietly distance themselves, and whether any other capitals follow Slovakia and Hungary in opting out of direct participation.