EU plans to disburse first tranche of €90bn loan for Ukraine in late spring or early summer
The European Union plans to provide Ukraine with the first tranche of a €90 billion loan in late May or early June 2026.
Source: European Pravda's Brussels correspondent; Valdis Dombrovskis, European Commissioner for Economy and Productivity, Implementation and Simplification, speaking to journalists on 21 April
Details: The EU expects to disburse the first funds from the €90 billion loan at the end of May or early June 2026 at the latest.
Dombrovskis said there are currently no delays in the technical preparations for the loan and there are unlikely to be any, and the first disbursement can be planned for late May to early June.
He also noted that negotiations are ongoing on the text of a Memorandum of Understanding with Ukraine and that a list of the reforms Kyiv must implement to receive the funds is being drawn up.
According to the commissioner, Ukraine has sufficient financial resources to wait until the EU funding arrives in June.
He said the good news is that the EU and other international partners have managed to mobilise funding for Ukraine, adding that the Ukrainian authorities have confirmed that they can wait until the EU funding arrives.
Background:
- Kaja Kallas, EU High Representative for Foreign Affairs and Security Policy, said ahead of a meeting of the EU Foreign Affairs Council that she is expecting "positive decisions" on the €90 billion EU loan for Ukraine on Wednesday 22 April.
- EU ambassadors are set to try to give final approval to the €90 billion package at a meeting of the Committee of Permanent Representatives on 22 April.
- On 19 April, Hungary's Prime Minister Viktor Orbán said that Ukraine is willing to resume oil supplies via the Druzhba pipeline on Monday 20 April provided that Budapest unblocks the €90 billion EU loan.
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