Ukraine and EU Agreed on Loan Text for €90 Billion, Document Already in Parliament

Ukraine and the European Union have finalized the text of the Loan Agreement, which is crucial for Kyiv to receive a €90 billion loan in 2026-2027. This document, along with the Memorandum of Understanding on the loan, has already been submitted to the Verkhovna Rada for approval.

The draft law on the ratification of the Loan Agreement and the Memorandum of Understanding between Ukraine and the European Union regarding Ukraine's receipt of macro-financial assistance under the loan is registered in parliament under number 0376 dated May 28, 2026. The Memorandum was signed in Brussels on May 20, and the Loan Agreement on May 27.

The adoption of these documents by the Verkhovna Rada, and subsequently by 24 EU member states (27 EU states minus Hungary, Slovakia, and the Czech Republic) providing Ukraine with €90 billion under the enhanced cooperation mechanism, will enable the European Union to provide Ukraine with the first tranche of the loan as soon as possible. According to sources, the first tranche of macro-financial assistance to Ukraine's budget, amounting to €3.2 billion, is expected around mid-June. Also in June, the first tranche of military aid to Ukraine, totaling €5.9 billion, is anticipated, which will be directed towards the procurement of Ukrainian-made drones.

Previously, it was reported that to receive the first tranche of macro-financial assistance amounting to €3.2 billion, Ukraine must implement a series of reforms, including submitting a draft law on taxing inexpensive parcels. Furthermore, to receive part of the budgetary support from the €90 billion loan from the EU, Ukraine needs to adopt important draft laws based on elements of a plan known as the «10 points of Kachka-Kos», one of which involves the adoption of an Anti-Corruption Strategy.