Ukraine's parliament ratified loan agreement with EU
Lawmakers approved the deal by 298 votes, unlocking €45 billion this year for defence, budget support and reforms tied to future payments.
- On Thursday, Parliament ratified a €90 billion loan agreement with the European Union by 298 votes, clearing the way for first disbursements in June.
- Hungary lifted its veto last month, ending months of delays that had blocked the €90 billion loan and easing pressure on the Ukrainian state budget.
- Ukrainian Prime Minister Yulia Svyrydenko said, "The funds will be allocated to national defence and security, strengthening energy resilience and covering the budget deficit," as Ukraine expects €3.2 billion next month.
- The IMF monitoring mission arrived in Kyiv on Wednesday for the first review of its $8.1 billion lending program, with disbursements conditional on reforms and anti-corruption commitments.
- European Union funding will allow Ukraine's defence spending to rise to about $100 billion this year, though Parliament recently balked at legislation involving tax measures, highlighting implementation friction.
29 Articles
29 Articles
Ukraine ratifies €90 billion EU loan to boost spending on defence
Ukraine’s parliament ratified a loan agreement with the European Union on Thursday, paving the way for €90 billion in financing and allowing the government to channel record funds to defence and the war with Russia now in its fifth year. Immediately after the vote, President Volodymyr Zelenskiy thanked the lawmakers and European partners, saying the funds from the EU would strengthen Ukraine’s resilience. “This was one of the most important vote…
Zelenskyy on ratification of EU loan agreement: One of the most important votes, demonstrating the constructiveness of our joint work
President of Ukraine Volodymyr Zelenskyy has thanked the parliament for ratifying the EUR 90 billion EU loan agreement, adding that it is one of the most important votes, demonstrating the constructiveness of joint work and a readiness to hear one another.
The Ukrainian parliament has approved agreements with the EU regarding the borrowing of 90 billion euros. A large majority of parliamentarians voted in favor of the proposal.
The Express Tribune
The Straits TimesUkraine's parliament to vote on ratification of EU loan
Ukraine's parliament is expected to vote on Thursday to ratify a 90-billion-euro ($104 billion) loan deal with the European Union, which would greatly ease its strained finances, lawmakers said. President Volodymyr Zelenskiy has submitted to the house a set of documents for ratification, including the memorandum of understanding on a macro-financial assistance programme that was signed last week. The loan, critical for supporting Ukraine's fi…
Coverage Details
Bias Distribution
- 46% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
