World · 2026-10-28 · Afternoon briefing

U.K. commits record $13.3bn to plug Ukraine's 2027 budget gap

The U.K. has announced its largest-ever support package for Ukraine, committing over £10 billion ($13.3 billion) for the year 2027. The pledge, unveiled by Finance Minister John Healey as part of the new budget, was described by Prime Minister Andy Burnham as a symbol of the government's long-term commitment to Kyiv.

The funds are earmarked for specific purposes. The largest portion, £5.5 billion ($7.3 billion), will go towards World Bank guarantees. A further £3 billion ($4 billion) is allocated to a British export finance vehicle that prioritises military support, with another £500 million set aside specifically for Ukraine's defence against attacks this winter.

The pledge arrives as Ukraine faces a projected €70 billion ($78 billion) budget shortfall for 2027, even after accounting for €45 billion in planned EU aid. Until the British announcement, Norway was the only non-EU country to have pledged funds ($9 billion) to help close that specific gap.

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• UK announces 'biggest ever' Ukraine support package of $13 billion in 2027
• UK commits more than £100m from aid budget to cutting-edge health research

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