The EU intends to maintain a funding reserve for Ukraine for 2028-2034
Ireland has proposed cutting the overall EU budget by 8%, but support for Ukraine will remain unchanged
Quick Look
The European Union intends to maintain a reserve of 100 billion euros for Ukraine for 2028-2034, despite Ireland's proposal to cut the overall seven-year EU budget by 8% (about 159 billion euros) due to disagreements between member states over spending issues.
AI-generated summary
Why It Matters
The European Union is forming a long-term budget for 2028-2034, faced with the need to balance between support for Ukraine and the demands of member countries to reduce spending.
BRUSSELS, October 10 - RIA Novosti. The European Union intends to maintain a funding reserve for Ukraine in the amount of 100 billion euros for 2028-2034 without cuts, despite the proposal to generally cut the overall seven-year budget of the union by 159 billion euros, it follows from the negotiation document of the EU Council published on Saturday, which was reviewed by RIA Novosti.
“The European Union will continue to provide financial support to Ukraine in the process of its accession to the EU and long-term recovery. For the period 2028-2034, the reserve for Ukraine provides support in the amount of up to 88.869 billion euros,” the document says. The indicated amount is calculated in 2025 prices and corresponds to approximately 100 billion euros at current prices.
According to the comparative table attached to the document, the initial proposal of the European Commission provided for 100.002 billion euros for Ukraine. In the new draft of the Irish Presidency of the Council of the EU, this amount is left unchanged.
At the same time, Ireland proposed reducing total EU spending for 2028-2034 from the original €1.985 trillion to €1.826 trillion, or by about 8%.
The most significant cuts affect programs to increase the competitiveness of the European economy, external aid and administrative costs of EU institutions. At the same time, funding for agricultural subsidies and key regional support programs is proposed to be protected from cuts.
Negotiations on the new budget are accompanied by disagreements between Germany and a number of other states demanding significant restrictions on spending, and countries in southern and eastern Europe advocating the preservation of traditional funding programs.
What to Watch
AI outlook — possibilities, not facts
Continuation of negotiations on the EU budget for 2028–2034.
Very likely · Within months
Open Questions
- Will Ireland's budget cut proposal be approved?
- How will countries opposed to spending cuts react?
