Ukraine unlikely to receive first tranche of €90bn EU loan before June, sources say

Ukraine will begin receiving the first payments under the European Union's €90 billion loan no earlier than June 2026.

Source: European Pravda's correspondent in Brussels, citing sources

Details: Ukraine will receive the first tranche of the EU's €90 billion loan in June 2026.

The sources' information appears to contradict a statement made by European Enlargement Commissioner Marta Kos on 11 May that the first tranche of the €90 billion EU loan will be disbursed next week.

The first disbursements under the EU's €90 billion loan for Ukraine – €5.9 billion in military support and €3.2 billion in macro-financial assistance to support the country's budget – will reach Kyiv no earlier than early June, sources familiar with the internal preparatory process told European Pravda.

According to the sources, the next €2.8 billion tranche under the Ukraine Facility, conditional on certain laws being passed in April 2026, will be disbursed no sooner than early June.

Three documents that are required before the €90 billion in loan funds can start to be disbursed to Kyiv are still being finalised with the Ukrainian side.

These are the loan agreement for the full €90 billion, which is currently being discussed with Ukraine and will need to be signed by both sides, an addendum to the loan agreement under the Ukraine Facility, and a memorandum of understanding on macro-financial assistance, which sets out the conditions for one part of the package. The sources said this is in the final stage of coordination and should be signed next week.

Background:

• Sources recently disclosed how the EU may allocate 2026 military funds for Ukraine under the €90 billion loan.
• It was previously reported that the first military procurement schedule in 2026 will be worth €5.9 billion and will be spent on drones manufactured in Ukraine.
• It was also reported that EU defence ministers will hold a working lunch on 12 May to discuss military support for Ukraine.

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