EU Commission Sets up Framework for EU Countries to Approve Remaining Ukraine Loan by 2027
By Reuters
BRUSSELS, Oct 30 (Reuters) – The European Commission said on Friday it had set up a framework for European countries to approve the remaining €45 billion ($50.39 billion) in loans to Ukraine to be disbursed by the end of 2027.
-
The European Union has approved a loan programme for Ukraine worth €90 billion by the end of 2027. Half of the amount is set to be disbursed in 2026
-
“With today’s proposal, we are providing Ukraine with much-needed predictability and helping maintain essential public services,” Commission President Ursula von der Leyen said on Friday
-
The Commission issued a positive assessment of Ukraine’s financing strategy
-
€13.3 billion of the amount to be disbursed next year is set to go in budget support, while the remaining €31.7 billion is earmarked to finance the Ukrainian defence industrial capacity
-
($1 = 0.8930 euros)
