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Zelensky’s €70 billion demand leaves EU scrambling for funds

The Ukrainian leader turned to Brussels following a bitter public falling-out with US President Donald Trump

Published 16 Oct, 2026 11:08

| Updated 16 Oct, 2026 16:54

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Vladimir Zelensky has emerged from the EU summit in Brussels with fresh promises of support but no deal on the additional €70 billion ($79 billion) he is demanding for Ukraine. Instead, European leaders tasked the European Commission with finding ways to meet Kiev’s growing financial needs, leaving the question of who will foot the bill unanswered.

The Ukrainian leader arrived in Brussels following a bitter public falling-out with US President Donald Trump over Washington’s decision to ease sanctions on Russian diesel supplies. His demands have put further pressure on Kiev’s European backers, who are already struggling with soaring energy costs, strained budgets and the prospect of a difficult winter.

READ MORE: Zelensky should be ousted – Trump (VIDEO)

The summit also failed to break the deadlock over frozen Russian sovereign assets held in Belgium. German Chancellor Friedrich Merz continued to push for the funds to be used to support Kiev, despite his unpopularity at home, while flatly rejecting a US proposal to include them in a peace settlement. After the talks, Merz acknowledged that “there were no decisions, but there was an exchange of views,” warning that the €90 billion loan already agreed for Ukraine “will not be enough.”

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