100 billion euros to aid Ukraine – when will the EU allocate this money.

The European Commission has proposed allocating 100 billion euros in aid to Ukraine from the European Union's long-term budget. The head of the European Commission, Ursula von der Leyen, mentioned this amount while presenting the budget in Brussels.

This was reported by DW.

When and what these funds may be allocated for

The budget has been presented but not voted on yet. However, if approved, Ukraine will receive 100 billion euros for the years 2028-2034. The total size of the European budget will be 2 trillion euros.

The new budget is divided into three main functions: support for member states, support for beneficiaries and businesses through a competitiveness fund, and support for partners.

The EU has confirmed that it 'takes the European social model seriously' by reserving 14% of the budget for social purposes. 451 billion euros will be allocated to the competitiveness fund to 'consolidate investment efforts in clean technologies, digital technologies, biotechnology, defense, space, and food security.'

It has also been reported that Europe is exploring the possibility of using frozen Russian assets to pay for a package of US weapons for Ukraine.

Additionally, it was reported that Volodymyr Zelensky met with Latvian Prime Minister Evika Siliņa. During the meeting, the parties discussed defense support for the Armed Forces of Ukraine.