The first tranche of the EU loan to Ukraine could be disbursed next week

The European Union may make the first payment to Ukraine as early as next week as part of a €90 billion financial aid package.

This was announced by European Commissioner for Enlargement Marta Kos.

According to her, the European Commission expects to begin the first disbursements in the near future, though the exact amount of the initial tranche has not yet been disclosed.

Koss emphasized that this aid is intended to strengthen Ukraine’s ability to defend not only itself but also European values.

At the same time, she noted that the provision of funds is linked to the continuation of reforms, which, according to the EU’s assessment, Ukraine is currently implementing.

On April 23, EU member states approved the 20th package of sanctions against Russia, which imposes restrictions on 46 vessels of the “shadow fleet” and 60 entities supporting the Russian military-industrial complex. The new measures include stricter export restrictions on dual-use goods and sanctions against 20 credit and financial institutions.

A trilateral meeting between the leaders of Ukraine and the European Union took place in Nicosia, following which Volodymyr Zelenskyy, António Costa, and Ursula von der Leyen issued a joint statement on a new phase of support for Kyiv. The discussion focused on a 90-billion-euro loan, sanctions pressure on Russia, and Ukraine’s continued progress toward EU membership. The leaders emphasized the need for swift decisions and strengthened joint action.