The EU’s €90 billion loan for Ukraine is set to start flowing in mid-June, but the cash envelope comes with question marks.
So far, the shopping list it will fund has been closely guarded by Ukraine. It seems inevitable that the lion’s share of the money will be dedicated to repelling Russian aggression, but it remains unclear how or where it will be spent.
Ukrainian President Volodymyr Zelenskyy has said the package’s defence allocation will strengthen Ukraine’s army against Russia’s ongoing full-scale invasion, now grinding into its fifth year, and some €60 billion is expected to be used to bolster the country’s defences during wartime, with the remainder propping up the country’s national budget.
The money will be used for arms production and the procurement of necessary weapons that, if not produced in Ukraine, will be sourced from partners, Zelenskyy said in a statement posted on social media platform X in April.
As is generally the case for matters pertinent to any country’s national security**,** Ukraine’s Ministry of Defence has not responded to Euronews’ request for comment on how the funds will be spent on defensive capabilities.
