Zelenskyy Thanks Parliament for Ratifying €90 Billion EU Loan Agreement

EU Loan Deal Ratified

According to Главком: President Volodymyr Zelenskyy expressed gratitude to lawmakers for swiftly ratifying the €90 billion loan agreement with the European Union. The Verkhovna Rada approved the ratification with 298 votes in favor. Zelenskyy emphasized that these funds will strengthen Ukraine's resilience, help protect civilian lives, rebuild infrastructure destroyed by Russian strikes, and defend the nation's independence.

Significance of the Agreement

Zelenskyy submitted the draft law to parliament just before the vote, underscoring the deal's critical importance for the country. In his remarks, he stated:

“I am grateful to all parliamentarians who so promptly ratified the agreement with the European Union for €90 billion in support for Ukraine over two years.” - Volodymyr Zelenskyy

He also highlighted the constructive cooperation between parliament and the presidential administration, calling it one of the most significant developments for Ukraine.

Reports indicate that the first tranche of military aid under the €90 billion EU loan will be used to purchase Ukrainian-made drones. Zelenskyy reiterated the importance of national unity, saying:

“Unity in Ukraine is something that always works in Ukraine’s favor.” - Volodymyr Zelenskyy

He also thanked European partners for their readiness to support Ukraine in defense, diplomacy, and reconstruction, concluding with: “Glory to Ukraine!”

Ratifying the EU loan agreement marks a crucial step for Ukraine, providing substantial financial assistance during a time of crisis. It will not only bolster the country's defense capabilities but also aid in rebuilding infrastructure damaged by the conflict. This move further underscores the strong backing Ukraine receives from European allies in its fight for independence and stability.

The recent ratification of the €90 billion loan agreement is a pivotal moment for Ukraine, reflecting the urgent need for financial support amid ongoing challenges. For a deeper understanding of the steps leading to this crucial decision, you can read more about how Zelenskyy submitted the loan agreement to parliament just prior to the vote, highlighting the importance of swift legislative action in these critical times.