On Thursday (25 June), it was announced that the European Commission has disbursed the first €3.2 billion instalment to Ukraine under the €90 billion Ukraine Support Loan. Through the Ukraine Support Loan, €90 billion will be made available to Ukraine in 2026 and 2027, covering both budgetary macro-financial needs and defence-related needs in their war against Russia.
The first instalment of a €6 billion defence package to support drone procurement will be disbursed in the coming days.
The €3.2 billion disbursement constitutes the first of three payments under a Macro-Financial Assistance segment of the Ukraine Support Loan, totalling €8.35 billion in 2026. The MFA is underpinned by a Memorandum of Understanding which sets out preconditions, policy measures, and reforms “designed to help Ukraine mobilise domestic revenues, improve the sustainability and quality of public expenditure, and strengthen public financial management systems”.
Ursula von der Leyen, President of the European Commission said:
“The prosperous Ukraine of tomorrow requires massive investment today. Since the beginning of Russia's full-scale invasion, the European Union and its Member States have provided €200 billion in economic, financial and military support. And with the Ukraine Support Loan, we will provide a further €90 billion over the next two years. Today, we are transferring the first tranche under this loan, more than €3 billion in macro-financial assistance. And we will start paying the first money of the €6 billion for drone production in the coming days. This is solidarity in action.”
Valdis Dombrovskis, Commissioner for Economy and Productivity; Implementation and Simplification, said:
“With this first €3.2 billion disbursement out of the 45 billion foreseen for this year, the European Union is once again proving that our support for Ukraine is not only symbolic: it is concrete, strategic, steadfast and delivering where it matters. Ukraine is strengthening its economic resilience and showing its determination to advance on its European path by delivering on key conditions and reforms, notably on domestic revenue mobilisation. It continues to show extraordinary resilience in the face of Russia’s brutal aggression, defending not only its own sovereignty, but the very principles of freedom, democracy and security in Europe. We stand with Ukraine.”
Source: commonspace.eu with the European External Action Service and the European Parliament
