2026-02-11 13:27
publication
2026-02-11 13:27
On Wednesday in Strasbourg, the European Parliament adopted a package of three legal acts that will enable the EU to provide Ukraine with a loan of EUR 90 billion for 2026-2027. The aim of the support is to meet the urgent financial needs of the country as it continues to fend off the Russian invasion.
From the entire loan EUR 30 billion will be allocated for budget support, and EUR 60 billion will go to strengthening Ukraine's defense capabilities and purchasing military equipment, mainly from producers from Ukraine, the EU and the European Economic Area and Free Trade Association (EFTA). In situations of urgent need, it will be allowed to obtain military equipment from countries outside this group, e.g. the USA.
Support will depend on meeting strict conditions, including: compliance with the principles of democracy, the rule of law, protection of human rights and combating corruption.
The loan will be financed by the EU's shared debt on capital markets and secured by the EU's long-term budget. Debt servicing costs in 2027-2028 are estimated at approximately EUR 1.3 billion annually.
The capital is to be repaid by Ukraine after receiving war reparations from Russia. The support package was adopted urgently. 458 MEPs voted in favor of the loan proposal, 140 were against and 44 abstained.
The next step is the formal approval of the package by member states within the EU Council, which will allow the European Commission to pay the first tranche at the beginning of the second quarter of 2026.
The package was agreed at the EU summit on December 18, 2025 and presented by the European Commission on January 14, 2026. The loan is expected to cover approximately two thirds of Ukraine's expected financial needs.
Because of the position Czech Republic, Hungary and Slovakia support was accepted under the so-called a procedure for enhanced cooperation, allowing willing member states to act without requiring unanimity.
Łukasz Osiński (PAP)
luo/ap/
