€90bn EU loan to Ukraine: first tranche to fund drone production
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16 April, 12:11
A drone. Stock photo: Zelenskyy on social media
Andrius Kubilius, European Commissioner for Defence and Space, has said that the first tranche of military aid to Ukraine under a €90 billion EU loan will be used to procure Ukrainian-made drones.
Source: European Pravda
Details: Kubilius said that Ukraine has requested defence assistance totalling €28.3 billion for 2026, adding that the first supply plan will focus on drones produced by Ukraine's advanced defence industry.
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He also noted that the EU expects greater involvement of the European defence industry in subsequent supply plans.
Background:
- The European Commission expects the first tranche of the €90 billion package for Ukraine to be disbursed in the second quarter of 2026.
- Following the defeat of Hungary's ruling party in the 12 April elections, the EU hopes to swiftly unblock both the €90 billion loan for Ukraine and the 20th sanctions package against Russia.
- The European Commission has proposed allocating €45 billion to Ukraine in 2026, including €16.7 billion for budgetary needs and €28.3 billion for the military, defence and weapons production.
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