EU plans April payout for Ukraine support loan
EU to send first tranche of €90bn Ukraine loan in April (Photo: REUTERS/Yves Herman)
The European Union plans to transfer the first tranche of financial assistance to Ukraine under a €90 billion ($107 billion) support loan in early April, European Commissioner for Economic Affairs Valdis Dombrovskis reported on X on Jan. 29.
Dombrovskis held a “productive discussion” with Ukrainian Finance Minister Serhiy Marchenko and Defense Minister Mykhailo Fedorov, focusing on preparations for the loan.
“We’re working toward approval of a €90bn package for 2026–27, aiming for the first EU disbursement in early April,” he wrote following the discussions.
On Dec. 18, EU leaders approved the €90 billion support loan for Ukraine. The assistance will be provided to Kyiv as an interest-free loan backed by the EU budget. The plan does not involve using frozen Russian assets, as member states failed to reach a consensus on that option.
Previously, European Commission President Ursula von der Leyen said that Ukraine would be financed through EU borrowing on capital markets over the next two years. Under the arrangement, Ukraine will not begin repaying the loan until Russia pays war reparations. Until then, Russian assets frozen in Europe will remain immobilized.
On Jan. 14, the European Commission adopted a package of legislative proposals enabling Ukraine to access the €90 billion loan, marking a key step toward disbursement.
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