Europe clearly overtakes US, with total commitments now twice as large

Europe has clearly overtaken the US in promised aid to Ukraine, with total European commitments now being twice as large.

A main reason is the EU’s new 50 billion euro “Ukraine Facility” ($53 billion) but also other European countries have upped their support with new multi-year packages. For the first time since the start of the war, the US is now clearly lagging behind. This is one of the results of the latest update of the Ukraine Support Tracker, the Kiel Institute for the World Economy reports.

Over the summer, the European Union has sent a clear signal by announcing a new 50-billion-euro multi-year support package to be delivered between 2023 and 2027, which doubles total EU commitments. The EU’s “Ukraine Facility” is part of the EU’s budget plans until 2027, showing a lasting commitment to support Ukraine.

In addition to the new EU-level pledges, there have been important new multi-year commitments from individual European countries, in particular a four-year military support package of Germany worth 10.5 billion euros or $11.2 billion (2024–2027) and Norway’s “Nansen Support Program” worth 6.6 billion euros ($7 billion) over five years. Additional multi-year packages were committed by Denmark, UK, Switzerland, Sweden, Portugal, and Lithuania.

Beyond these multi-year plans the Ukraine Support Tracker lists new, short-term commitment increases from Europe, in particular by Germany worth 619 million euros ($662 million) and by the United Kingdom worth 286 million euros ($306 million).