US EditionEuropean Parliament approves €90bn loan for Ukraine
- The European Parliament approved a €90 billion loan to support Ukraine's financing needs for 2026 and 2027 amid Russia's ongoing invasion.
- Of the €90 billion loan, €30 billion is allocated for macro-financial or budget support and €60 billion is designated for strengthening Ukraine's defense capabilities and military procurement.
- The loan will be financed by EU common borrowing, with Ukraine repaying the principal only after receiving war reparations from Russia, and the first payment is expected in the second quarter of 2026.
- Three EU countries—Hungary, Slovakia, and Czechia—opted out of backing the loan, so it proceeded under an enhanced cooperation procedure allowing willing states to approve it without unanimity.
69 Articles
69 Articles
Parliament approved a €90 billion loan to Ukraine, despite opposition from the RN's boss.
Ukraine urgently needs fresh money to defend itself against Russia - now the EU Parliament is launching an interest-free billion loan. This was preceded by difficult negotiations within the member states.
Europeans thus also catch up with the US failure in Ukraine aid and insist on a buy-European clause. In Ukraine, rumours about an election date caused excitement.
Ukraine will have to repay the amount when it receives war reparations from Russia.
MEPs on Wednesday backed a €90 billion (2.2 trillion crowns) loan for Ukraine to cover its defense and military spending and budget support. In return, Kiev must continue democratization and fight corruption. The Czech Republic, like Slovakia and Hungary, will not participate in the loan guarantees.
Coverage Details
Bias Distribution
- 68% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
