Polish Prime Minister Donald Tusk, center, European Commission President Ursula von der Leyen, left, European Council President Antonio Costa, second from right, and Ukrainian Prime Minister Yulia Svyrydenko, second from left, pose for a group photo at the opening session of the Ukraine Recovery Conference 2026 at the European Solidarity Centre in Gdansk, Poland, Thursday. Photo by Adam Warzawa/EPA
June 25 (UPI) -- The European Union released $3.6 billion in funds of the Ukraine Support Loan for budget and defense needs, the bloc said Thursday.
The funds were released at the Ukraine Recovery Conference, where European Commission President Ursula Von der Leyen announced the funding, which is the first instalment of the new macro-financial assistance. The MFA is a segment of the Ukraine Support Loan, under which $102 billion will be offered to Ukraine in 2026 and 2027.
"As a country at war, Ukraine's capaicty to defend its territory depends on the rapid availability of critical products in the required quantities and within very short timeframes," a press release said. "The first instalment of the [$6.8] billion defense package to support drone procurement will be disbursed in the coming days."
