Council finalises €90 billion support loan to Ukraine

Press release

The Council today adopted the final key piece of legislation underpinning a €90 billion EU loan to Ukraine, agreed by the European Council in December 2025. The move will allow the Commission to begin disbursements as soon as possible in the second quarter of 2026.

The loan will help cover the country’s most urgent budgetary and defence industrial capacity needs in 2026 and 2027, within a robust and conditional framework. Funding will be linked to strict conditions on Ukraine’s side such as adherence to the rule of law, including the fight against corruption.

"The Cyprus Presidency has worked tirelessly to ensure all elements needed for the loan were in place. Loan disbursements will start flowing as soon as possible, providing vital support for Ukraine’s most pressing budgetary needs."
Makis Keravnos
Minister of Finance of the Republic of Cyprus

The amendments to the EU regulation on the multiannual financial framework adopted today confirm that the Ukraine support loan will be financed through EU borrowing on the capital markets and will be backed by the EU budget headroom. The loan is to be repaid by reparations due by Russia to Ukraine.

Find more information on the official website of the Council of the EU.

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