The Ukrainian Ministry of Finance has announced that the first disbursements from a €90 billion European financial aid package are anticipated to begin in May or June of 2026-2027. This information was confirmed by the ministry in response to inquiries from the news agency Ukrinform.
Funding will be facilitated through joint borrowing by the European Union on capital markets, backed by the EU budget. This initiative marks the second instance of large-scale collective debt obligations by the EU since the onset of the pandemic.
“The funds are expected to start flowing into the country, likely in May or June,” the Ministry of Finance stated.
Over the two-year period, Ukraine is projected to receive €45 billion annually, totaling €90 billion. In the current year, allocations are planned as follows:
- €16.7 billion for social budget support;
- €28.3 billion for defense needs.
Specifically, the budget support will be structured as:
- €8.35 billion in the form of macro-financial assistance;
- €8.35 billion through the EU’s Ukraine Facility program.
“In total, approximately €30 billion out of the €90 billion will be directed towards budget support through existing financial assistance instruments, while the remaining €60 billion will be allocated for military aid to our country,” the ministry noted.
Additionally, the Ministry highlighted that following the approval of the Ukraine Support Loan, technical consultations between Ukraine and the EU are ongoing to finalize the parameters of the agreement, including the amounts and timing of the disbursements.
According to the terms of the program, Kyiv will only be required to repay the loan once Moscow compensates for the damages caused by the war. The ministry added:
“If reparations are not made, the EU reserves the right to utilize frozen Russian assets to settle this debt. Ukraine will also not be obligated to repay the loan if Russia fails to compensate for the damages inflicted by the war.”
On April 22, EU ambassadors initiated a written procedure to approve the €90 billion loan for Ukraine and the twentieth package of sanctions against Russia. The following day, European Council President António Costa confirmed the unlocking of this credit for Kyiv for the years 2026-2027, along with the adoption of anti-Russian restrictions.
The EU plans to disburse €90 billion in financial aid to Ukraine between 2026 and 2027, with initial funds expected in mid-2026. This support will be allocated for social and defense needs, with repayment contingent on Russian reparations.