European Commission: three more documents needed to provide Ukraine with €90 billion

To complete technical preparations for providing Ukraine with a €90 billion loan in 2026-2027, the EU must approve three additional key documents, alongside amendments to the EU's long-term budget currently blocked by Hungary.

Source: a European Pravda journalist in Brussels, citing European Commission spokesperson Balazs Ujvari

Details: The European Commission is preparing to adopt three more technical documents to be ready to disburse the €90 billion as soon as Hungary lifts its veto.

"We have another, I would say, four documents that we need to adopt, the first of which is actually being adopted today by the European Commission," Ujvari said.

The EU must also approve a Memorandum of Understanding (for macro-financial assistance), amend the plan under the Ukraine Facility, and prepare a loan programme under which the loan agreements will be signed.

Ujvari recalled that the European Commission has already approved the Ukraine Financing Strategy for 2026.

Background:

• Despite Hungarian Prime Minister Viktor Orbán blocking the €90 billion loan for Ukraine, the European Commission continues technical preparations in order to provide the funds as quickly as possible once the veto is lifted.
• It should be noted that on 19 March, Orbán stated that Budapest would not unblock any Ukraine-related decisions until Kyiv resumes the transit of Russian oil via the Druzhba pipeline.

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