EU transfers €3.2 billion to Ukraine under €90 billion loan

The European Union has transferred the first 3.2 billion euros to Ukraine as part of a major 90 billion euro support loan, a move announced by top officials on Thursday at a recovery conference in Poland. The disbursement is intended to bolster Ukraine's state budget and defense capabilities as the country continues to resist Russia's full-scale invasion.

Ukrainian Prime Minister Yulia Svyrydenko confirmed the funds had arrived in the state budget, stating they would be used to strengthen defense capabilities, support social resilience, and finance priority expenditures to ensure the government's uninterrupted functioning during the war. The announcement was made at the Ukraine Recovery Conference in Gdańsk, which was attended by European leaders including European Commission President Ursula von der Leyen and German Chancellor Friedrich Merz.

Von der Leyen stated that a second payment of approximately 6 billion euros, specifically dedicated to drone production, is expected to be transferred in the coming days. She emphasized the EU's long-term commitment, noting that the bloc and its member states have provided over 200 billion euros in support since the invasion began in...