European Council President António Costa announced at a press conference following the EU security summit that several member states have already committed to providing up to €15 billion in additional aid for Ukraine.
This new pledge comes as part of broader efforts to expand fiscal space and increase support across various fronts, including military, reconstruction, and potential EU accession.
Costa emphasized the long-standing support for Ukraine, stating, "We have been with Ukraine since day one. We have already provided more than €135 billion in support to Ukraine since 2022. Our support is unwavering – whether the war continues, in any future peace negotiations, in reconstruction, or in accession to the European Union." He added that EU member states now have the immediate capacity to boost their assistance thanks to enhanced fiscal flexibility.
In addition to the financial commitment, the European Council has tasked the Council of the European Union with working urgently on further initiatives to address Ukraine's pressing military and defense needs. Costa also noted that preparations are underway to support Ukraine in future negotiations aimed at achieving a just and lasting peace.
This announcement follows a call by the European Council on March 6 for accelerated action on a new multi-billion-euro military aid package for Ukraine, spearheaded by Kaja Kallas, the High Representative of the European Union for Foreign Affairs and Security Policy.
As the conflict in Ukraine continues, the EU's expanded support package underscores its commitment to assisting Ukraine across multiple dimensions, while also addressing the security and stability of the wider region.
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Start your day informed with AnewZ Morning Brief: here are the top news stories for 3rd August, covering the latest developments you need to know.
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