EU Leaders to Address Ukraine Funding at November Summit, Costa Responds to German Call for Shared Contributions

BRUSSELS – European Council President António Costa has announced that EU leaders will discuss additional funding for Ukraine at the end of November. This move comes in response to a request from Germany that all member states share in the efforts to assist Ukraine. At this point, no new loan has been approved, and there is not yet a final agreement on how the financial responsibility will be divided.

Berlin Links Support to Future EU Budget

German Chancellor Friedrich Merz emphasizes that financing for Ukraine should be a joint European responsibility. During the discussions, this issue was also connected to ongoing negotiations about the EU’s seven-year budget.

The budget for 2028 to 2034 is particularly sensitive, as it will set spending frameworks for regional development, agriculture, and other European policies. Reaching an agreement will require consensus among states with different economic interests.

What Has Been Decided—and What Has Not?

Political discussion and preparations for a leaders’ summit are confirmed. However, no new mechanism has been established that would automatically assign a concrete financial contribution to each member state.

Slovakia has consistently expressed skepticism about joint borrowing to support Ukraine. At this time, this does not mean Slovakia will lose its existing EU structural funds.

Wording of Any Agreement Will Be Crucial

Decisions on joint funding could take various forms—ranging from direct national contributions, to loans, to budget guarantees. The true impact on Slovakia, or any specific country, will only be clear once a concrete proposal is presented.

The upcoming summit may indicate whether member states can move closer to a deal.

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Source: TASR, Pravda, statement by António Costa, 10 November 2026

This article was translated from the original Slovak version with the assistance of AI.