The Ministry of Finance calls on the G7 for Reparations Loan for Ukraine: what does it mean

According to Мінфін: Today, the Minister of Finance of Ukraine, Sergii Marchenko, addressed colleagues from the G7 countries, thanking them for their unwavering support and leadership in countering Russian aggression. One of the key topics for discussion is ensuring Ukraine's budgetary needs for the period from 2026 to 2027.

The Minister of Finance welcomed the positive decision of the EU Council to grant Ukraine a loan of 90 billion euros. However, he emphasized that this is just the initial step, as Ukraine's needs are constantly growing. In this context, he called on colleagues to further explore the technical and legal aspects of creating the Reparations Loan instrument.

“Financial stability is crucial in times of war. By strengthening it today, we are moving closer to a just peace. The Reparations Loan is a systematic solution for the long term. It will help ensure sustainable defense capabilities and protect Europe from future conflicts. The risks to Europe from a possible defeat of Ukraine are much higher than the risks of implementing a reparations mechanism,” emphasized the Minister of Finance of Ukraine.

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The Minister of Finance of Ukraine, Sergii Marchenko, appealed to the G7 countries, expressing gratitude for support in countering Russian aggression and suggested discussing the provision of budgetary needs for the country in the coming years. The importance of financial stability in times of war was also emphasized and the creation of the Reparations Loan instrument was proposed as a key solution for Europe's future security.