Ukraine’s Verkhovna Rada is set to vote on May 28 on a €90 billion ($104 billion) loan agreement from the European Union, a package that would represent one of the largest single financial commitments to a non-member state in the bloc’s history.
President Volodymyr Zelenskyy submitted the draft legislation, bill No. 0376, to parliament for ratification. If approved, the first tranche of funds could start flowing by mid-June 2026.
Where the money goes
The loan breaks down into two main buckets. The larger share, €60 billion, is earmarked for defense and industrial capacity. The remaining €30 billion is designated for macro-financial assistance to keep Ukraine’s budget operational through 2026 and 2027.
The package comes with strings attached. Ukraine must demonstrate progress on democratic reforms, rule of law, and anti-corruption measures to access the funds.
