EU Rejects Ukraine’s Request for Early Disbursement of €90 Billion Loan
Brussels said the advance would only delay the funding gap, and disbursements remain tied to reforms on taxes, corruption and rule of law.
- The European Union rejected Ukraine's request for an early disbursement from the €90 billion loan program, with European Commission Chief Spokesperson Paula Pinho stating joint assessments concluded there is no financing gap for 2026.
- Kyiv admitted this summer that rising military expenditures created an additional €27 billion financing gap, though Brussels determined expediting the loan would "simply defer the problem to 2027."
- As of October 2, the European Commission reported Ukraine has access to an additional €33.7 billion in support through the end of 2026, contingent on implementing reforms to fight corruption and increase tax revenues.
- International Monetary Fund spokesperson Julie Kozack said the fund is working with Ukraine to combine reviews of its $8.1 billion financing program, with the IMF estimating potential shortfalls between 2027 and 2029.
- Brussels plans to disburse €45 billion earmarked for 2027 "promptly," though not before early next year, while the European Union seeks potential help from Canada, Norway, and Japan to cover remaining Ukrainian defense needs.
29 Articles
29 Articles
According to the media, the EU refused to provide additional funds to Kiev until the promised reforms were implemented.
The European Union has rejected Ukraine’s request for an advance on additional funding in 2026 and has tied access to new funds to the implementation of specific reforms, the Financial Times reports, citing a letter from EU Commissioners Valdis Dombrovskis and Marta Kos to the Speaker of the Verkhovna Rada, Ruslan Stefanchuk. The conditions include the abolition of VAT exemptions for small international shipments and the introduction of rules fo…
Brussels insists that Kiev fulfil the conditions that will open up some 34 billion euros this year.
As early as this year, the European Union has refused to provide Ukraine with a loan of Euro90 billion scheduled for 2027. Brussels requires Kiev to carry out the promised reforms, as reported by RBC Ukraine with reference to the Financial Times. Ukraine has estimated its additional defence needs for this year at Euro27 billion. In order to close this hole, Kiev has asked the Euro90 billion loan agreed at the end of last year to be transferred f…
EU rejects Ukraine’s request for early disbursement of €90 billion loan
The European Union has rejected Ukraine's request for an early disbursement of part of a €90 billion (about $102 billion) loan intended to cover this year's military financing shortfall. Sources familiar with the matter told Bloomberg on Thursday, October 1. The report noted that Kyiv had unexpectedly admitted this summer that rising military expenditures had created an additional €27 billion (about $30.7 billion) financing gap. According to tho…
Kiev's new request for tens of billions of euros in additional aid is causing irritation in Brussels, writes Le Monde
Kiev's new request for tens of billions of euros in additional aid is causing irritation in Brussels, writes Le Monde.One of the European diplomats stated:"It feels like we're watering the desert. " For 2027, Ukraine is looking for about...
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