The Ukrainian government has approached the European Union with an initiative for funding its military forces, starting in 2026.

This was announced by Ukraine's Finance Minister Serhiy Marchenko following meetings with representatives of the G7 financial institutions in Canada.

Proposal for Military Funding of Ukraine from 2026

The minister emphasized that the main topic of discussion at these international forums was the financing of Ukraine in 2026.

“We are offering our partners to participate in funding the Ukrainian Armed Forces and to integrate our army into the European defense structure,” − stated Serhiy Marchenko.

According to the minister, the costs for supporting the armed forces will represent a small fraction of the EU's GDP.

Marchenko explained that these expenses could be shared among countries that express willingness to join this initiative and could also be included in the defense spending calculations of those countries based on their NATO commitments.

“I emphasized that supporting Ukraine is an investment in Europe's stability. Strengthening defense capabilities is not just a political choice, but an urgent necessity. Action must be taken today to ensure our strength in the future,” − highlighted Marchenko.

Previously, EU Commissioner for Defense Andrius Kubilius stated that part of the funding from the EU's €800 billion rearmament plan would be directed towards military support for Ukraine.

EU Approves Creation of a €150 Billion Defense Fund

Recently, the Committee of Permanent Representatives of EU member states at the ambassadorial level (Coreper) approved the “Action for Europe's Security” (Security Action for Europe − SAFE) program.

This week, finance ministers from EU countries are discussing a proposal to establish a new joint defense fund – the European Defense Mechanism (EDM) to finance the rearmament of the continent. Under this proposal, countries outside the EU, such as Ukraine, could also participate in the fund.

In December, it was reported that the European Union was considering the creation of a joint defense fund amounting to €500 billion to increase defense spending ahead of the inauguration of the newly elected U.S. President Donald Trump.