EU reaches agreement on 6.6 billion euro European Peace Facility package frozen by Hungary's veto since spring 2023; fate of 4.7 billion unclear

According to a Euronews report dated 25 September, the agreement was reached in the EU's Political and Security Committee; the legal texts must still be adopted separately for the funds to be released. The 4.7 billion euro portion of the package will cover the costs of member states that have delivered weapons to Ukraine, 1 billion euros will go to new joint equipment procurement and 900 million euros to the military assistance mission (EUMAM) that trains Ukrainian soldiers on EU territory. High Representative Kaja Kallas described the decision as 'good news for Ukraine, bad news for Russia'.

According to Euronews, Hungary imposed the veto in May 2023 in response to Ukraine placing OTP Bank on its list of 'international sponsors of war'; the veto was lifted after Péter Magyar won the April 2026 election. According to a European Pravda report of 25 September, how the 4.7 billion euros will be distributed among member states and how much of it will be passed on to Ukraine has not yet been resolved; Germany argues that the full amount should go to Kyiv, but not all members share this view. Agence Europe also reports that some members have announced they will transfer their shares to Ukraine.

The timing is critical for Kyiv: according to Euronews, the Ukrainian Defence Ministry's financing gap stands at 23.67 billion euros, and Zelenskiy said the budget for drones to be delivered in the first quarter of 2027 must be settled between October and November 2026. The 6.6 billion euros corresponds to about 28% of this gap; however, the net amount to be channelled directly to Ukraine could not be verified. The date of Monday's meeting could not be clearly confirmed in the sources.