The European Union is reportedly considering tightening the conditions for financial aid to Ukraine under a €90 billion loan program, according to Bloomberg. The first tranche under the updated scheme is expected to be disbursed as early as May.

The plan under discussion at the European Commission allegedly ties part of the payments to additional tax requirements. This concerns €8.4 billion in macro-financial assistance that Kyiv hopes to receive in 2026. Specifically, the EU is allegedly considering imposing a mandatory 20% VAT rate for companies operating under a simplified tax system if their annual revenue exceeds 4 million hryvnias.

European Commission President Ursula von der Leyen purportedly stated that Ukraine could receive the first €6 billion in the current quarter. According to her, the funds are supposedly intended for the purchase of drone technologies and to cover budget expenses.

Under the discussed program conditions, Kyiv may allegedly have access to up to €45 billion of the total package in 2026. The volumes and timelines of subsequent payments are expected to depend on Ukraine's fulfillment of agreed conditions and the presentation of its own financial strategy.

The €90 billion loan to Kyiv was approved by EU member states on April 22 and subsequently endorsed by the European Council.

Source: kun.uz