The EU allocated 90 billion euros to Ukraine: when will the payments start and what are the conditions

The European Union will provide 90 billion euros in loans to Ukraine

According to Мінфін: The European Council has decided to allocate 90 billion euros in financial assistance to Ukraine for 2026-2027. These loans will be funded through borrowings by the EU in capital markets, which will be guaranteed by the reserves of the EU budget.

The condition for repaying these loans is compensation for damages incurred by Ukraine during the conflict with Russia. This decision is aimed at ensuring continuous financing for Ukraine, particularly its budgetary and defense needs, starting from the second quarter of 2026. Furthermore, it reflects the long-term support for Ukraine from the European Union.

“This decision aims to ensure continuous financing for Ukraine, particularly for its budgetary and defense needs, starting from the second quarter of 2026. It also confirms the long-term support for Ukraine from the European Union.

The Ministry of Finance of Ukraine plans to cooperate with European institutions to coordinate all details and launch this initiative as quickly as possible. Ukraine's Finance Minister Serhiy Marchenko expressed gratitude for understanding Ukraine's needs and making the necessary decisions.

The European Council, together with the European Parliament, plans to continue working on various aspects of the reparations loan based on monetary assets related to confiscated Russian assets.

In summary: The European Union has decided to allocate 90 billion euros in loans to Ukraine for 2026-2027, aimed at ensuring funding for the country’s budgetary and defense needs, as well as compensating for damages caused by the military conflict with Russia. This decision reflects the long-term support for Ukraine from the European Union.