The European Council has clarified who will provide the €90 billion loan to Ukraine
On April 23, the European Council approved a decision to provide Ukraine with a €90 billion loan package, which will be financed through borrowing on capital markets backed by EU budget guarantees. This amount will be repaid using future reparations payments from Russia.
The European Council’s press service has provided details on the loan’s collateral mechanism and its allocation for budgetary needs.
The funds from the package will be allocated to the production and procurement of weapons, preparing the energy system for winter, and fulfilling social obligations to citizens. Simultaneously with the release of funding, the European Union approved the 20th package of sanctions against Russia to limit its military capabilities. Cyprus’s Minister of Finance Makis Keravnos emphasized that payments will begin shortly to support Ukraine’s territorial integrity.
Prior to this, EU ambassadors approved a €90 billion loan for Ukraine and agreed on the 20th package of sanctions against Russia.
The European Commission has finalized the key elements of a €90 billion financial support package for Ukraine for 2026–2027. The first tranche is expected to be disbursed as early as the second quarter of this year.
Von der Leyen assured that Ukraine will receive the loan from the EU.
