Ukrainian President Volodymyr Zelensky has submitted a legislative proposal to the Verkhovna Rada aimed at ratifying a loan agreement with the European Union, which could provide Ukraine with financial assistance totaling €90 billion.
The bill outlines the framework for securing these funds, including macro-financial support intended to bolster Ukraine’s economy. According to the explanatory note accompanying the proposal, the agreement will allow Ukraine to access these resources between 2026 and 2027.
Zelensky emphasized that the ratification of this loan agreement and the accompanying memorandum of understanding would enable the country to secure significant financial resources from the EU to support its state budget and enhance its defense capabilities.
For the year 2026, the total support is projected at up to €45 billion, divided into two main components:
- Defense funding: Up to €28.3 billion will be allocated for the procurement of weapons and strengthening the defense-industrial sector.
- Budgetary support: €16.7 billion will be directed towards ensuring macro-financial stability and addressing the state budget deficit.
Funding for the budgetary component will be facilitated through two mechanisms:
- €8.35 billion will be provided directly as macro-financial assistance, as outlined in the memorandum.
- An additional €8.35 billion will be accessed through the Ukraine Facility mechanism.
Ukraine's President Zelensky has proposed a bill to secure €90 billion in financial aid from the EU, aimed at supporting the state budget and enhancing defense capabilities. The funding is structured to address both defense procurement and budgetary stability over the next few years.