EU sets out $3.4B defense budget for 2027, boosts Ukraine spending

AI Summary

The EU plans a $3.4 billion defense budget for 2027, including increased spending for Ukraine. The budget boost follows Ukrainian President Volodymyr Zelenskyy’s request for at least €70 billion more in European support.

The new fiscal uplift comes in the wake of Ukraine President Volodymyr Zelenskyy telling European leaders last month that “we need at least €70 billion more from you.”