Nordic-Baltic Coalition Prepares €30 Billion Alternative Funding Plan for Ukraine to Bypass EU Vetoes

Northern European nations prepare €30 billion in bilateral loans for Ukraine to circumvent funding blockades by Hungary and Slovakia.

By: AXL Media

Published: Mar 11, 2026, 6:54 AM EDT

Source: Information for this report was sourced from Politico

The Strategic Pivot to Bilateral Financing

European diplomatic efforts have shifted toward a decentralized funding model as internal divisions threaten the European Union’s unified aid strategy. According to reports from Politico, a coalition of Baltic and Nordic countries is prepared to provide €30 billion in direct support to Ukraine, bypassing the need for consensus in Brussels. This maneuver is a direct response to the continued resistance from Hungarian Prime Minister Viktor Orbán and Slovak Prime Minister Robert Fico, who have blocked a larger €90 billion EU reparations loan intended to fund Ukraine through 2027. By issuing bilateral loans, these member states can provide essential capital without the risk of a single-member veto.

Bypassing the Brussels Deadlock

The proposed €30 billion package is intended to keep Ukraine solvent through the first half of 2026 while EU leaders attempt to resolve the current political stalemate. Diplomats speaking on the condition of anonymity indicated that while a unified EU loan is the preferred method to demonstrate European solidarity, the urgency of Ukraine's financial situation has made the "plan B" of individual financing a necessity. EU Economy Commissioner Valdis Dombrovskis reaffirmed this commitment, stating that the bloc would deliver the necessary funds "one way or another," signaling that the era of allowing single nations to paralyze long-term aid may be coming to an end.

The Dutch Commitment and Long-Term Stability

Adding to the momentum of individual state support, Dutch Finance Minister Eelco Heinen has reportedly informed his European colleagues that the Netherlands is prepared to formalize a massive long-term commitment. The Dutch government is considering setting aside €3.5 billion annually in bilateral support for Kyiv through 2029. This independent funding stream would provide Ukraine with a degree of predictability that has been lacking due to the frequent political hurdles in the European Council. Such moves suggest that Northern European capitals are increasingly willing to act outside traditional EU frameworks to ensure Ukraine’s survival.