Overview
- European Commission President Ursula von der Leyen outlined three funding options in a letter to EU leaders for Ukraine’s 2026–2027 needs.
- Proposals include a €90 billion EU-raised loan, annual national contributions linked to GDP of roughly €45 billion per year, or using €185–210 billion in frozen Russian assets as a lending base.
- Preliminary IMF figures indicate Ukraine will require about €135.7 billion in macro-financial and military support over 2026–2027.
- Viktor Orban said Hungary cannot assume obligations under the initiative, called the requested total impossible, and promised an immediate national response.
- He argued the two-year figure equals at least 65% of Hungary’s annual economy and nearly three-quarters of the EU’s budget, while the EU targets a decision at the December 18–19 summit.