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EU releases 3 billion-euro loan package for Ukraine’s recovery as part of 2-year commitment
The payment begins a series of disbursements tied to reforms and anti-corruption rules, with another €6 billion for drone production due soon.
- On Thursday, European Commission President Ursula von der Leyen announced the European Union transferred the first €3.2 billion tranche of a €90 billion loan to Ukraine at the Ukraine Recovery Conference in Gdansk, Poland.
- Brussels accelerated technical and legal preparations to establish the €90 billion loan, aiming to prevent the government in Kyiv from defaulting after political delays involving Hungary were resolved in late April.
- In the coming days, the European Union will disburse about €6 billion for drone production, with military funds requiring "Made in Europe" components, except for specific parts Ukraine sources from China.
- Ukrainian Prime Minister Yulia Svyrydenko led her delegation to the conference, where they plan to sign 160 deals totaling over €10 billion to support reconstruction despite recent diplomatic tensions with Poland.
- For 2026, the European Union has allocated €45 billion for Ukraine, comprising €16.7 billion for financial support and €28.3 billion for military aid, signaling long-term commitment to the nation's reconstruction.
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14 Articles
14 Articles
The President of the European Commission announced this in Gdansk, Poland, at a conference on the reconstruction of Ukraine.
·Budapest, Hungary
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EU starts paying out mammoth loan to Ukraine
EU chief Ursula von der Leyen said the EU had disbursed the first €3.2 billion tranche of its loan to Ukraine. (EPA Images pic) GDANSK: The EU on Thursday paid out the first €3 billion from a mammoth new loan to Ukraine, the bloc’s chief Ursula von der Leyen said. The €90 billion financial lifeline is aimed at helping Kyiv plug budget black holes and bolster its military over four years into Russia’s invasion. “Today, we are transferring the fir…
·Kuala Lumpur, Malaysia
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Coverage Details
Total News Sources14
Leaning Left4Leaning Right2Center2Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 25%
R 25%
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