On Wednesday, the European Parliament urgently approved a new package of proposals aimed at supporting Ukraine, including a loan of 90 billion euros for 2026 and 2027.
This decision was supported by 458 members, with 140 voting «against» (44 abstained)
Of this amount, 30 billion euros will be allocated for macro-financial assistance or budget support provided through the EU Mechanism for Ukraine.
60 billion euros will be allocated to strengthen Ukraine's defense capabilities and support military equipment purchases. If certain defense materials are not immediately available from European countries, a series of targeted exemptions will be applied for supplies from "third" countries.
Financial assistance will be provided according to Ukraine's financial needs as outlined in the financial strategy prepared by Ukraine and assessed by the Commission.
The EU Council also needs to officially approve the package for the Commission to make the first payment at the beginning of the second quarter of 2026.
It is reported that funding will be subject to strict conditions, including "Ukraine's unwavering commitment to democratic governance, the rule of law, and the protection of human rights, including the rights of minorities." This includes ongoing efforts to combat corruption and strengthen democratic institutions.
According to the EU proposal, Ukraine will receive a loan of 90 billion euros financed through joint borrowings of the European Union and guaranteed by the EU budget reserve.