The European Parliament has approved a €90 billion loan for Ukraine. This was announced by Parliament President Roberta Metsola.

Photo: AFP

"Today's crucial vote, approving the €90 billion loan, has provided vital support to Ukraine," she wrote on X.

According to information on the European Parliament's website, Kyiv will receive €30 billion in the form of macro-financial assistance or state budget support through the EU Ukraine Facility mechanism. The remaining €60 billion will be directed towards strengthening the country's defense capabilities and purchasing military equipment.

458 members of the European Parliament voted in favor of the loan, 140 opposed it, and 44 abstained. According to Politico, this decision removed the last obstacle for Ukraine to receive the first tranche of funds.

When purchasing weapons, Ukraine must prioritize domestic producers, as well as suppliers from EU countries, the European Economic Area, and the European Free Trade Association. If necessary materials are unavailable in these countries, special exceptions will apply for purchases from other states.

Funding will be provided under strict conditions: Ukraine must ensure democratic governance, the rule of law, and protect human rights, including minority rights.

Approval from the EU Council will be required to transfer the first tranche of funds at the beginning of the second quarter of 2026. The loan will be financed through joint EU borrowing and guaranteed by the "safety margin" of the bloc's long-term budget. Debt servicing costs will also be covered from this budget.

The European Parliament clarified that debt servicing costs will amount to approximately €1 billion in 2027 and around €3 billion annually starting from 2028. The principal amount of the loan will be repaid by Ukraine after receiving reparations from Russia.

Source: https://kun.uz/ru/news/2026/02/11/yevroparlament-odobril-kredit-ukraine-na-90-mlrd-yevro