Ukraine seeks €6.6 billion from EU's peace fund for military aid


Ukraine's Defence Minister Mykhailo Fedorov and Sweden's Defence Minister Pal Jonson (not pictured) hold a press conference in Stockholm, Sweden May 7, 2026. TT News Agency/Fredrik Sandberg/via REUTERS/File Photo

July 1 (Reuters) - Ukraine is ⁠asking its European Union partners to direct €6.6 billion ($7.5 billion) ⁠available under the European Peace Facility to military aid, ‌to take advantage of what it sees as a six-to-nine-month "window of opportunity" on the battlefield.

Ukraine's total defence need is estimated at around €136 billion this year, ​with the Ukrainian budget covering around €53 billion ⁠of that amount, Defence Minister ⁠Mykhailo Fedorov said in a letter seen by Reuters.

Ukraine is ⁠set ‌to receive about €28.3 billion for defence purposes this year from the €90-billion EU loan, but even with that and ⁠Kyiv's own funding, "substantial" defence financing needs remain unmet, ​Fedorov said in ‌the letter, dated June 26.

The funds under the EPF ⁠could become "one of ​the most impactful European contributions to Ukraine's defence effort this year, but only if those resources are directed where they can generate ⁠the greatest and most immediate military effect," ​he said.

Russia's advances have slowed this year, with Ukraine staging successful counterattacks on some parts of the frontline and leveraging its mid- ⁠and long-range attacks on Russian territory to disrupt Moscow's logistics and curb its oil revenue.

Separately, Fedorov told a news conference on June 17 that he was seeking an additional $20 billion in ​military funding from the Ukraine Defence Contact ⁠Group — an alliance of 50 nations, also known as the Ramstein ​group, that provides aid to Ukraine — ‌on top of $40 billion already committed.

($1 = ​0.8766 euros)

(Reporting by Max Hunder; Writing by Anna Pruchnicka; Editing by Daniel Flynn, Jacqueline Wong and Andrew Heavens)

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