Today at 14:39
European Commission President Ursula von der Leyen has presented details of an approved proposal for a joint European loan worth €90 billion to support Ukraine over the next two years, 2026–2027.
She made the announcement at a press conference in Brussels following a meeting of the College of EU Commissioners, UATV English reports.
“This morning at the European Commission, we adopted a legislative proposal. We will provide Ukraine with €90 billion for 2026 and 2027. This is being done through enhanced cooperation — involving 24 out of 27 EU member states,” von der Leyen said.
According to her, one third of the loan (€30 billion) will be allocated for budgetary support, while two thirds (€60 billion) will be directed toward defense support.
Von der Leyen emphasized that the loan is designed to strengthen Ukraine both on the battlefield and institutionally, ensuring the continued functioning of state authorities and covering key budgetary needs.
Regarding defense procurement under the loan, priority will be given to weapons produced in the EU, Ukraine, and countries of the European Economic Area / European Free Trade Association (EEA/EFTA). If specific systems cannot be sourced from these regions, procurement from third countries will be permitted.
“The €30 billion in budgetary support is intended to help Ukraine advance reforms and modernize the country. These investments are also conditional on reforms aimed at bringing Ukraine closer to EU membership,” von der Leyen said.
At the same time, she noted that the European Commission’s proposal for a reparations-based loan mechanism remains on the negotiating table.
“It was also very important to send a strong reminder to Russia. We reserve the right to use frozen Russian assets, and the documents show that these assets will remain frozen until the end of the war and until reparations are paid,” she said.
Von der Leyen added that this principle is also reflected in the loan’s structure, stressing that Ukraine will not be required to repay the loan until reparations are made.
As previously reported, on December 19, European Council President António Costa announced that EU leaders at the Brussels summit had agreed on €90 billion in support for Ukraine for 2026–2027.
However, three EU member states — Czechia, Hungary, and Slovakia — will not participate in the implementation of the joint loan funded through the EU budget.
Ukrainian President Volodymyr Zelenskyy has stated that the €90 billion support package from the EU sends a clear signal to Russia that Ukraine will endure.
