Zelenskyy expects first tranche of EU loan in early June

Ukrainian President Volodymyr Zelenskyy has said that Ukraine expects to receive the first funds from the EU's €90 billion loan at the end of May or in early June.

Source: Zelenskyy speaking to the media en route to an informal EU summit in Cyprus, as reported by European Pravda

Details: Zelenskyy was asked when Ukraine might receive the first tranche of the EU's €90 billion loan once the decision is finally unblocked, which is expected to happen in the coming hours.

"We will bring forward the first tranche as soon as possible… so that we receive the funds by the end of May or the beginning of June," Zelenskyy said.

He recalled that these funds are crucial for financing Ukraine's army, defence production and the social sector.

"We believe everything will be unblocked. Ukraine has done everything it promised, within the timeframes it committed to," Zelenskyy added.

Similar timeframes were also mentioned by European Commissioner for the Economy Valdis Dombrovskis.

Background:

• A final decision to unblock the EU's €90 billion loan for Ukraine is expected on 23 April.
• According to the latest reports by European Pravda, the written procedure for approving the €90 billion package for Ukraine, as well as the EU's 20th sanctions package against Russia, has been extended by two hours.
• Signals from Bratislava indicate that it is no longer blocking the decision on new EU sanctions against Russia.

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