Ukraine to receive €90 billion loan: European Parliament gives final approval
EU lawmakers approve €90 billion loan for Ukraine (illustrative photo: Getty Images)
Today, February 11, European Parliament approved €90 billion loan for Ukraine, official website of European Parliament reports.
European lawmakers supported this loan for the period 2026–2027 with 458 votes in favor, 140 against, and 44 abstentions.
The loan will be financed through borrowing by the European Union on financial markets, and interest will be paid from the European budget.
The loan will help Ukraine counter Russia's aggression, in particular through the procurement of weapons.
What preceded this
Earlier, the European Commission presented a plan to provide Ukraine with a €90 billion loan, which was agreed at a summit in mid-December.
After that, a dispute arose within the EU over granting Kyiv a €90 billion loan. It was caused by the issue of whether Ukraine could spend these funds on weapons from the United States, as well as the distribution of servicing and compensation for lending.
The problem was that France demanded preferential treatment for EU countries, while Germany defended the possibility of purchasing weapons in the United States and other countries if necessary. It was noted that this could slow down Ukraine's acquisition of necessary weapons.
In addition, some EU countries demand that countries outside the bloc be required to pay a fee for concluding contracts with Ukraine that will be financed from a €90 billion loan.
On February 4, EU ambassadors approved granting Ukraine a €90 billion loan. In addition, three EU countries — Czechia, Slovakia, and Hungary — were allowed not to assume guarantees for financing Ukraine of €90 billion.
