“We have finalized our negotiations (…) for budgetary assistance within the framework of the support loan to Ukraine,” declared the European Commissioner for the Economy, paving the way for this first payment.
The European Union plans to pay “around mid-June” a first budgetary aid of 3.2 billion euros to Ukraine, as part of its giant loan of 90 billion euros, European Commissioner for the Economy Valdis Dombrovskis announced on Wednesday.
“We have finalized our negotiations (…) for budgetary assistance within the framework of the support loan to Ukraine”declared the commissioner, paving the way for this first payment, subject in particular to the ratification of the agreement by the Ukrainian side.
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90 billion in total
A memorandum of understanding was concluded with kyiv, detailing the terms of this budgetary aid, and in particular the multiple conditions that Ukraine must meet to benefit from it. kyiv has notably committed to increasing its budgetary revenue by 6 billion euros this year, the official said. This memorandum of understanding should be ratified next week by the Rada, the Ukrainian Parliament, the Commission hopes.
A more general loan agreement is also being finalized, which will provide a framework for support for kyiv’s military spending, Mr. Dombrovkis said. A first payment under this military component of the loan to Ukraine is “imminent”he added. The EU plans to provide Ukraine with a loan of 90 billion euros in total, which will be paid in installments in 2026 and 2027, of which 60 billion will be used for the supply of weapons, and 30 billion will be used to cover Kiev’s general budgetary needs (hospitals, schools, rehousing of displaced people).
200 billion since 2022
kyiv will not have to pay interest to the EU. But it will not be a blank check, Brussels warned: the loan will be subject to conditions, in particular in terms of transparency on the use of funds, respect for the rule of law and the fight against corruption. And purchases of military equipment will partly benefit European manufacturers. The loan to Ukraine was validated by the EU in April, after the lifting of the Hungarian veto which had blocked its adoption for several months.
This is vital aid for kyiv. The EU, which has already provided nearly 200 billion euros to Ukraine in various forms since the start of the Russian invasion in 2022, committed at the end of 2025 to provide this loan to avoid bankruptcy for this financially exhausted country by the war and by the closing of the American budgetary tap.
