The Ministry of Finance has announced the timeline for the receipt of €90 billion in EU aid
The Ministry of Finance has released a schedule for the disbursement of financial assistance from the European Union to Ukraine as part of a €90 billion package for 2026–2027. The first tranche of funds is expected as early as May–June of this year.
This was reported to Ukrinform by the Ministryof Finance of Ukraine.
The ministry noted that the funding will be provided through joint EU borrowing on capital markets backed by the bloc’s budget guarantees. This marks the second instance of large-scale joint debt obligations by the European Union since the pandemic. Funds are expected to begin flowing into the country as early as May–June.
It is expected that in 2026 and 2027, Ukraine will receive 45 billion euros annually. Specifically, in 2026:
- €16.7 billion will be allocated for social budget support;
- €28.3 billion will be allocated to defense needs.
Budget support will be provided in the following format:
- €8.35 billion in the form of macro-financial assistance,
- €8.35 billion through the Ukraine Facility.
In total, over two years, approximately 30 billion of the 90 billion euros will go toward budgetary support through existing financial assistance instruments, with the remaining 60 billion euros allocated for military aid to our country.
“Following the approval of the Ukraine Support Loan, Ukraine and the European Union are continuing technical consultations to finalize the agreement’s terms. In particular, discussions are ongoing regarding the number and size of the tranches,” the Ministry of Finance added.
They noted that under the terms of the program, Ukraine will repay the loan only after Russia pays reparations for the damages caused. If no reparations are paid, the EU reserves the right to use frozen Russian assets to repay this debt. Ukraine will also not be obligated to repay the loan if Russia does not compensate Kyiv for the damages caused by the war.
The Russian Ministry of Finance forecasts a sharp increase in regional budget deficits to $21 billion.
Despite a temporary increase in oil export revenues, Russia’s economy continues to accumulate serious imbalances due to the war and high military spending. The budget deficit is growing rapidly, inflation is accelerating, and reserves are gradually being depleted. Analysts point out that oil revenues are only temporarily masking deeper problems.
Russian authorities are planning massive layoffs of public sector employees amid a sharp rise in the government budget deficit. As of April 1, the number of employees recommended for dismissal reached 105,147. These figures are provided by Rostrud.
