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DISPATCH 04/26 · 18 Oct 2026
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Analysis · Ukraine

Zelensky Says Ukraine Could Triple Some Drone Output. Europe Has Not Found the €70 Billion

Kyiv says money, not factory space, caps its drone output, and EU loan money already pays for Ukrainian drones. The extra €70 billion it wants for 2027 has no source yet.

Zelensky Says Ukraine Could Triple Some Drone Output. Europe Has Not Found the €70 Billion
FIG.01 · Ukraine Illustration. Generated key image, not a photo of the event.

Kyiv says money, not factory space, caps its drone output, and EU loan money already pays for Ukrainian drones. The extra €70 billion it wants for 2027 has no source yet.

€155 billion for 2027

Volodymyr Zelensky's case for another €70 billion from Europe rests on an industrial claim: Ukraine's factories can build more drones than Kyiv can afford to buy. Addressing the European Council in Brussels on Oct. 16, he put the cost of the war in 2027 at €155 billion and told EU leaders he needed "at least €70 billion more from you" for defence, weapons and resilience.

"Right now, we could produce two or three times more drones," he said, depending on the type. "But we simply don't have enough money for that." He asked leaders to "invest in defence, in our factories in Ukraine," and in joint production of drones and other weapons in their own countries.

Commission President Ursula von der Leyen accepted his number after the summit. "Now it is clear that we have a gap of €70 billion that has to be covered," she said. She said the 2026 shortfall was covered, that the Commission could not have predicted 2027 when it planned its €90 billion Ukraine Support Loan, and that partners outside the EU should carry part of the new gap. European Council President António Costa said leaders had asked the Commission for a proposal on Ukraine's additional 2027 needs. "We will indeed be looking at the funding," Emmanuel Macron said, funding he expects from the G7, other partners and the Europeans.

The summit ended without a mechanism to raise it. Belgian Prime Minister Bart De Wever, whose country hosts about €200 billion in immobilised Russian assets at Euroclear, shut down the obvious one at a press conference on the night of Oct. 15: "Do I want to talk about it? No, I don't." Sweden's prime minister said after the summit that "nothing has changed" on the assets.

Europe's existing loan already shows where new money would go. On Oct. 14 the Commission paid Ukraine €2.86 billion from the loan's defence window for drones, air defence, missiles, radars, electronic warfare and ammunition. By Zelensky's account, the 2027 answer sets how many more drones Ukraine's lines turn out.

Frequently Asked Questions

How much did Zelensky ask the EU for?

At least €70 billion in additional support for 2027, for defence, weapons and resilience. Speaking at the European Council on Oct. 16, he put the war's 2027 cost at €155 billion.

Is the €70 billion on top of the EU's €90 billion loan?

Yes. The €90 billion Ukraine Support Loan covers 2026 and 2027, with €60 billion for defence and €30 billion for budget support, per the European Commission. Von der Leyen said a further €70 billion gap remains for 2027 and that partners outside the EU should cover part of it.

What does the EU loan buy for Ukraine's military?

Recent tranches paid for drones, drone interceptors, missiles, air defence, radars, electronic warfare and ammunition, much of it from Ukrainian manufacturers, according to the Commission. A Sept. 11 decision also covered PAC-3 missiles for Patriot.

How much of its arms-production capacity does Ukraine use?

The EU Institute for Security Studies cites an estimate that public procurement uses only 30% of Ukraine's defence-industrial capacity, even with EU assistance. Zelensky said Ukraine could produce two or three times more drones of some types if it had the money.

Why doesn't the EU use frozen Russian assets?

Belgium, where Euroclear holds about €200 billion of immobilised Russian assets, opposes it. Prime Minister Bart De Wever said nobody could operationalise them without unanimity among EU leaders.

AI-generated summary, reviewed by an editor. More on our AI guidelines.

Read next — from the Lexicon

Below this point

  • €18.26 billion paid, receipts pending
  • Procurement uses 30% of capacity
  • Interceptor drones and 300 Patriots
  • Ukrainian lines, European joint ventures
  • The €45 billion tranche carries conditions
  • What to watch

San Francisco, California, USA

Marcus Schuler edits BattlePolicy, a daily defense-technology brief connecting the companies and capabilities behind modern war to the contest among Europe, the US, Russia, and China.

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