Ukraine Secures €90 Billion EU Loan, €3.2 Billion Payment

Ukraine’s parliament has ratified a landmark 90 billion euro loan agreement with the European Union, finalizing a financial lifeline intended to support the country’s defense and economy through 2027. The vote on Thursday, May 28, passed overwhelmingly with 298 lawmakers in favor, clearing the way for the first disbursement of approximately 3.2 billion euros to arrive in mid-June.

President Volodymyr Zelensky submitted the ratification proposal to parliament and later thanked lawmakers for their prompt action. He stated the funds would strengthen national resilience, help protect lives, rebuild infrastructure damaged by Russian strikes, and defend Ukraine’s independence. European Commission President Ursula von der Leyen confirmed the vote paves the way for the first payments in June, with Commissioner Valdis Dombrovskis noting work is ongoing to prepare the initial disbursement.

The loan package, one of the largest single-country aid commitments in EU history, is structured to provide 45 billion euros in both 2026 and 2027. According to government officials, the funds are allocated for national defense and security, strengthening energy resilience, and covering the state budget...