War in UkraineGo deeper

To Aid Ukraine, EU Looks to Lock In $1.5 Billion a Month in Economic Assistance

The bloc is under pressure from the U.S. to speed up disbursements, and has fallen short of its own pledges

Ukraine faces a budget shortfall of at least $3 billion a month for basic services as a result of Russia’s invasion.Photo: Virginie Nguyen Hoang for The Wall Street Journal

BERLIN—Amid U.S. pressure to increase support for Ukraine, the European Union is looking to lock in $18 billion in economic support for Kyiv next year in a way that will give Brussels greater power to ensure the money is delivered.

With U.S. economic and military assistance for Ukraine far outstripping Europe’s since the Russian invasion on Feb. 24, the EU this year has fallen short of its own financial pledges for Ukraine. The war-torn nation is facing a budget shortfall of at least 3 billion euros, equivalent to $3 billion, a month for basic services because of the destruction wrought by Russia’s invasion.

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