EU to split €45bn Ukraine support into three macro-financial tranches in 2026: payment schedule revealed
The European Union will provide Ukraine with €16.7 billion in budget support this year, half of which will be delivered in three tranches through the Macro-Financial Assistance (MFA) instrument.
Source: European Pravda
Details: The EU will disburse €8.35 billion to Ukraine this year in three tranches under the MFA programme.
According to European Pravda, the first tranche will amount to €3.2 billion and be paid no later than June. The second tranche, worth €3.7 billion, is expected to arrive in the summer or shortly afterwards. The third tranche, totalling €1.45 billion, is expected closer to late autumn.
This is only half of the budget component of the EU's €90 billion loan to Ukraine. The remaining €8.35 billion in financial support will be provided to Kyiv through the Ukraine Facility. Unlike MFA, this programme requires reforms to be implemented in order for the funds to be received.
Under normal circumstances, Ukraine is not required to repay the €90 billion loan. The EU decision stipulates that Kyiv will be obliged to repay the loan only if it receives reparations from Russia. Otherwise, the loan will be repaid by 24 EU member states.
Background:
- On 23 April, the Council of the EU approved amendments to the EU's long-term budget for 2021-2027 by written procedure, enabling the provision of the €90 billion loan to Ukraine in 2026-2027.
- European Pravda has learned that the first tranche of the military component of the EU's €90 billion loan will amount to €6 billion and will be transferred to Ukraine no later than June.
Support Ukrainska Pravda on Patreon!