After two months of uncertainty around 90 billion euros allocated to Ukraine, the impasse came to an end this Thursday, given the lifting of the Hungarian and Slovak vetoes, and further sanctions on Russia.
The advance came two days later of the Ukrainian president Zelensky have announced that the oleoduto Druzhbawhich transports Russian oil to Hungary and Slovakia, had been repaired and could resume operations
“The written procedures for amending the Multiannual Financial Framework regulation, which underpins the 90 billion euro support loan to Ukraine, as well as the 20th sanctions package against Russia, were successfully concluded and both dossiers were adopted unanimously“, indicated an official source from the rotating presidency of the EU Council, occupied this semester by Cyprus.
According to , for 2026Brussels intends to gradually transfer 45 billion eurosof which R$16.7 billion will be allocated to budget support and R$28.3 billion to military support.
The remaining 45 billion will be reserved for 2027 and will cover two-thirds of Ukraine’s financing needs. Western allies are expected to cover the last third.
The joint loan will exclude the Hungarya Slovakia ea Czech Republic. The other 24 Member States will therefore pay around 3 billion of euros in annual interest.
The aid will ensure that Ukraine can meet its fiscal and defense needs, allowing the country to maintain its resilience in the face of ongoing Russian attacks.
Ukrainian President Volodymyr Zelensky welcomed the definitive validation by European leaders of the 90 billion euro loan to the country at war with Russia since February 2022.
“This package will strengthen our army, make Ukraine more resilient and allow us to fulfill our social obligations towards Ukrainians, as provided by law”, said Zelensky on the X social network.
“We are working to ensure that the first tranche of this support package is available as early as May or June,” the Ukrainian leader added.
European leaders stressed the importance of speedy implementation of the loan and called on third countries to help plug the remaining gaps in Ukraine’s finances.
