The massive package of financial aid, planned for the years 2026 to 2027, is supposed to stabilize the Ukrainian economy and fundamentally strengthen the country’s defense industry. As Minister of Finance Serhij Marchenko specified, only during this year, Kyiv will receive the first 28.3 billion euros intended exclusively for the purchase of weapons.
On Thursday, the Ukrainian Parliament (Verchovna Rada) ratified the agreement with the European Union (EU) on a loan of 90 billion euros. 298 deputies voted for the agreement, 226 votes were needed. The portal Ukrainska Pravda drew attention to this, reports TASR.
- The Ukrainian parliament ratified the agreement with the European Union on a 90 billion loan.
- The financial aid is supposed to cover the state budget deficit between 2026 and 2027.
- The loan is supposed to strengthen macroeconomic stability and defense and industrial capacities of Ukraine.
- Ukraine is to repay the loan principal from Russian reparations, the interest will be paid by the budget of the European Union.
- Slovakia, the Czech Republic and Hungary were exempted from guaranteeing this loan.
Lifeline for the state budget
The agreement allows Ukraine to receive financial aid from the EU in the years 2026 to 2027 in the total amount of up to 90 billion euros. The funds will be used to cover the state budget deficit, ensure macroeconomic stability and strengthen defense and industrial capacities of Ukraine.
“The loan principal will be repaid exclusively from reparations from the Russian Federation, while interest payments will be covered from the EU budget,” noted the press service of the Ukrainian Parliament.
Disputes regarding the loan
According to the Ukrinform agency, Ukrainian Finance Minister Serhiy Marchenko said that this year the state will receive 28.3 billion euros for the purchase of weapons and 16.7 billion euros for macro-financial assistance.
The EU formally approved the loan on April 23, although the leaders agreed to it at the December EU Council meeting. Its provision was part of the dispute between Kyiv and Budapest in connection with the stoppage of Russian oil supplies to Hungary and Slovakia via the Druzhba pipeline. Slovakia, the Czech Republic and Hungary negotiated an exception and do not guarantee the loan.
