The EU welcomed Ukraine's approval of a €90 billion loan agreement
The European Union has welcomed the decision by Ukraine’s Verkhovna Rada to ratify the Loan Agreement and the Memorandum of Understanding, which pave the way for financial assistance totaling 90 billion euros.
EU representatives posted about this on social media.
European Commission President Ursula von der Leyen welcomed the Ukrainian parliament’s swift adoption of the documents and stated that this decision brings the first disbursements closer.
“This hard work paves the way for the first disbursements in June,” she noted.
Congratulations to @ua_parliament and @ZelenskyyUA’s team for the swift work to ratify the main documents related to the €90 billion Ukraine Support Loan.
This hard work paves the way for the first disbursements in June. https://t.co/O6Xt5jHt2q— Ursula von der Leyen (@vonderleyen) May 28, 2026
EU Ambassador to Ukraine Katarina Mathernova noted the document’s approval in the Verkhovna Rada, where it was supported by 298 members of parliament.
She emphasized that the loan will help strengthen Ukraine’s financial resilience, support reconstruction, and ensure macro-financial stability during the war.
Welcome approval of loan agreement by @verkhovna_rada today, w/ 298 MPs voting in favor.
The €90 bln loan will help strengthen Ukraine’s resilience, support recovery & ensure macro-financial stability as Russia’s war of aggression continues.
pic.twitter.com/sMPH6RH2iV— Katarina Mathernova (@kmathernova) May 28, 2026
After Ukraine ratifies the documents, they must be approved by the 24 EU member states participating in the financing mechanism. This will allow funds to begin flowing.
According to preliminary data, the first tranche of 3.2 billion euros could arrive as early as 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.
On Thursday, the Verkhovna Rada of Ukraine adopted a draft law on the Loan Agreement and Memorandum of Understanding with the EU, which provide for financial support for Ukraine in the amount of 90 billion euros.
