Brussels hopes unspent defence loans may help plug Ukraine’s budget hole

EuroNews29 October 2026, 14:57 UTCUkraine

The European Commission has reopened €21.3bn in unspent SAFE defence loans, urging EU governments to use them for joint projects with Ukraine, which faces a €70bn budget gap. Brussels cannot force them, but hopes the joint procurement rules will steer some of the money to Kyiv.

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