EU Proposes Record Budget with Ukraine Aid and Defense Boost ...Middle East

OILPRICE - Economy

The European Commission has put forward its vision for the next long-term (2028-2034) European Union budget -- a record-high 2-trillion-euro ($2.3 trillion) framework, with a doubling of funds for both Ukraine and EU foreign policy in general, and a fivefold increase in defense-related investment. It is worth remembering that the July 16 proposal is just the opening shot in a battle that will consume Brussels for the next two years. All 27 EU member states, which provide the vast majority of the cash through national contributions linked to their…

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Last updated : 17 July 2025 clock 09:07 PM

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EU Proposes Record Budget with Ukraine Aid and Defense Boost ...Middle East

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