The Rada approved the agreement with the EU on a $90 billion loan
On Thursday, the Verkhovna Rada of Ukraine adopted a bill on a Loan Agreement and a Memorandum of Understanding with the EU, which provide for financial support for Ukraine in the amount of 90 billion euros.
298 members of parliament voted in favor of the decision—276 voted for the immediate signing of the law by the Speaker of Parliament and the President.
The Memorandum concerns macro-financial assistance in the amount of €8.35 billion. Receipt of the funds is contingent upon Ukraine’s fulfillment of specified conditions and obligations.
The documents were signed in Brussels on May 20, 2026 (Memorandum), and finalized on May 27, 2026 (Loan Agreement).
Following ratification by the Verkhovna Rada, the next step will be the approval of the agreement by the 24 EU member states participating in the financing mechanism (excluding Hungary, Slovakia, and the Czech Republic).
This should allow the EU to promptly begin funding the program.
According to sources, the first tranche of macro-financial assistance in the amount of €3.2 billion could reach Ukraine in mid-June.
Prior to this, the European Union and Ukraine finalized the text of the Loan Agreement necessary for Ukraine to receive €90 billion in credit support in 2026–2027. The documents have already been submitted to the Verkhovna Rada for ratification.
The European Union is preparing to take one of the largest financial steps in support of Ukraine since the start of the full-scale war. As early as May 18, EU countries may finalize the terms of a €90 billion loan for Kyiv.
The International Monetary Fund has officially begun work in Ukraine as part of the first review of the new four-year Extended Fund Facility program.
