Ukraine Support Tracker: €70 billion in new aid promised

Currently, a significant gap exists on the European side between the committed €241 billion in aid and the €125 billion actually allocated. The US has already allocated €88 billion of its committed €119 billion.

The explanation for this gap on the European side lies in the substantial increase in aid commitments in October of around €52 billion, 35 from the EU and its institutions, intended for budget support to the Ukrainian government. The US has promised a good €18 billion for budget support.

The European commitments were made possible through new financial instruments (Extraordinary Revenue Acceleration Loans) secured by profits from frozen Russian assets. These new assets are primarily available to European donors and could help them compensate for the loss of US funds in the future.

“October’s increase in commitments reflects an important effort by the international community to secure long-term financial stability for Ukraine,” said Christoph Trebesch, head of the Ukraine Support Tracker at the Kiel Institute. “The use of frozen Russian assets demonstrates a practical approach to sustaining Ukraine’s economy and supporting its recovery amid ongoing challenges.”

Military aid: US funds coming to an end

When it comes to military support, a total of €7.9 billion in military aid was allocated in September and October. The bulk of this was provided by the US, which alone contributed €3.5 billion, and accompanies donations from the UK, Germany, and Norway. This highlights Biden’s efforts to bolster Ukraine’s military capabilities and meet its immediate battlefield needs before US political priorities may shift in 2025.

However, the funds pledged under Joe Biden have been nearly exhausted since the passage of the last aid package. The latest allocations leave the US with only about €6 billion in remaining funding capacity.

“President Biden’s administration continues to contribute to Ukraine’s military defense,” said Trebesch. “However, with the current funding due to end, all eyes are now on the incoming US administration and its willingness to support Ukraine.”

About the Ukraine Support Tracker

The Ukraine Support Tracker tracks and quantifies military, financial, and humanitarian assistance pledged to Ukraine since January 24, 2022. Included are 41 countries, specifically the EU member states, the other members of the G7, Australia, South Korea, Turkey, Norway, New Zealand, Switzerland, Turkey, China, Taiwan, India, and Iceland. It includes pledges made by the governments of these countries to the Ukrainian government; aid pledged by the EU Commission and the European Investment Bank is listed separately; private donations or those from international organizations such as the IMF are not included in the main database. Nor does it include aid to Ukraine's neighbors, such as Moldova, or to other countries, such as for the reception of refugees.

Data sources include official government announcements and international media reports. Aid in kind, such as medical supplies, food, or military equipment, is estimated using market prices or information from previous relief operations. In cases of doubt, the higher available value is used. The Ukraine Support Tracker is constantly being expanded, corrected and improved. Feedback and comments on our methodology paper and dataset are very welcome. You can reach us at ukrainetracker@ifw-kiel.de. 

More information and all detailed data can be found on the Ukraine Support Tracker webpage.