EU plans first €90bn loan tranche 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: a European Pravda correspondent in Brussels; 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, at the latest, in early June 2026.
Dombrovskis said there are currently no delays in the technical preparation of the loan and no factors likely to cause any, adding that the first disbursement could 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 reforms Kyiv must implement to receive the funds is being prepared.
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 Kyiv's other international partners have managed to mobilise funding for Ukraine, adding that its authorities have confirmed they could wait until the EU financing arrives.
Background:
- Kaja Kallas, EU High Representative for Foreign Affairs and Security Policy, has said ahead of a meeting of the EU Foreign Affairs Council that she expects positive decisions on a €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.
- As reported by European Pravda on 19 April, Hungary's Prime Minister Viktor Orbán said Ukraine was willing to resume oil supplies via the Druzhba pipeline on Monday 20 April, provided that Budapest unblocked the €90 billion EU loan.
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