"The EU will provide interest-free loans for the years 2026-2027 based on EU borrowing on capital markets backed by the EU budget headroom, which is the difference between the maximum amount the EU can ask EU members to contribute and the amount it needs to cover foreseen expenses."
"Ukraine is not expected to pay the money back from its own funds, with the capital only due for repayment once Russia pays war reparations after the conflict is over."
"The scheme was designed to effectively make use of the frozen Russian funds to help Ukraine without confiscating the money, a step that had been rejected as legally risky."
"Brussels expects other developed countries sympathetic to Ukraine to provide the rest of the funding, which has already been promised for 2026."
The European Union will provide Ukraine with €90 billion in interest-free loans for 2026-2027 to support its defense against Russia. This funding is based on EU borrowing backed by the EU budget headroom. Hungary, Slovakia, and the Czech Republic secured exemptions from this joint borrowing. Ukraine is not expected to repay the loans until Russia pays war reparations, utilizing frozen Russian assets worth around €210 billion in the EU. The funding will cover military and general budget needs, with additional support expected from other developed countries.
Read at Irish Independent
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