HomeEU'Significant' number of EU countries back speeding up Ukraine funding, Ireland says

‘Significant’ number of EU countries back speeding up Ukraine funding, Ireland says

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WICKLOW, Ireland, Sept ‌1 (Reuters) - A significant number of European Union ​member states support bringing forward the disbursement of funds under an EU ⁠loan to Ukraine to help its war effort, Ireland's defence minister said on Tuesday after hosting a meeting of ​EU colleagues.

Ukraine relies heavily on foreign funds in its fight against Russia, ‌now in its fifth year, including a €90 billion loan that the EU agreed to disburse over the course of 2026 and ⁠2027.

New Ukrainian defence minister Yevhenii Khmara, who ⁠addressed EU ministers via video link at an informal gathering in Ireland, said on Sunday he would ask to bring forward part of the €45 billion in payments scheduled for next ‌year.

"What I think was very clear from our presentation ⁠from the (Ukrainian) defence minister is that there ‌is a gap. So I do ​believe that there was a significant number of member states that supported that ask," Ireland's Helen McEntee told a ‌press conference.

As the gathering was informal, ministers ​were not in a ⁠position to make any formal decisions.

McEntee, who hosted the ‌meeting as Ireland currently ⁠holds the EU's rotating six-month presidency, added that any frontloading of the funds would need to be agreed by EU governments ​and the European ‌Commission:

"It is obviously beyond today but I think we need to ⁠advocate, insofar as possible, ​for bringing that forward."

(Reporting by Padraic Halpin and Conor ​Humphries; Editing by Kevin Liffey)

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