Extraordinary European Council scheduled for November to discuss EU budget and Ukraine funding

An extraordinary European Council meeting will take place in Brussels on November 26 and 27 to address the new Multiannual Financial Framework for the 2028–2034 period. The primary objective of the summit is to prepare the foundation for a formal agreement on the next seven-year budget by the end of the year.

In addition to budgetary negotiations, the agenda includes discussions on funding for Ukraine, following a request from President Volodymyr Zelenskyy for 70 billion euros in additional support for 2027. This funding is intended to bolster Ukraine's defense, weaponry, and national resilience. European Council President Antonio Costa is currently engaging in bilateral consultations with European leaders to bridge differences regarding the total budget size, funding sources, and the mechanics of the requested aid, as no consensus has yet been reached on how to facilitate the contribution requested by Kyiv.

The discussions follow recent briefings provided by Pedro Lurti, head of the European Council President's office, to the Permanent Representatives of member states. Costa is expected to present a revised negotiation proposal in the coming weeks to guide the upcoming summit discussions.