"The European Commission has formally unveiled a 90-billion-euro ($105 million) loan for Ukraine, intended to cover a large part of Kyiv's financing needs for the next two years. The move comes on January after EU leaders in December opted for a loan backed by the EU budget instead of a much-publicized "reparation loan" using frozen Russian assets in the bloc as a collateral."
"Last year, the International Monetary Fund (IMF) estimated that Ukraine would need around 135 billion euros ($158.3 billion) in financing for 2026 and 2027, with Kyiv already facing a budget shortfall of 71.7 billion euros as early as this spring. The EU has committed to covering a large share of that gap, particularly as the United States has signaled it will scale back financial support for the war-torn country."
"Speaking in Brussels during the announcement, European Commission President Ursula von der Leyen said that the loan "reaffirms Europe's unwavering commitment to the security, defense, and future prosperity of Ukraine", adding that the Kremlin's recent missile barrages over Ukraine indicates that "Russia shows no sign of abating. No sign of remorse. No sign of seeking peace. On the contrary. ""
The European Commission announced a 90-billion-euro loan to cover a large portion of Ukraine's financing needs for the next two years. EU leaders chose an EU-budget-backed loan rather than using frozen Russian assets as collateral. The IMF estimated Ukraine needs about 135 billion euros for 2026–2027, and Kyiv faces an immediate budget shortfall of 71.7 billion euros. The EU plans to raise the funds by jointly borrowing on markets using available EU budget headroom. The first tranche could be disbursed in April pending member-state and European Parliament approval, and repayment is deferred until Russia begins paying reparations.
Read at RadioFreeEurope/RadioLiberty
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