Zelenskyy explained how the funds from the first tranche of the EU loan will be allocated
Ukrainian President Volodymyr Zelenskyy stated that the first tranche of the EU’s €90 billion loan package will be allocated to defense and energy.
This was reported on the head of state’s Telegram channel.
According to him, part of the funds will be used to develop domestic arms production, particularly drones and other areas of miltech.
A separate priority is the protection of energy infrastructure. Zelenskyy emphasized that the state must prepare as thoroughly as possible for the coming winter, in particular through funding from this package.
The president specified that several billion euros are planned to be allocated to the energy sector.
These issues, he said, were discussed with European partners during a meeting in Cyprus.
On April 23, EU countries 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.
