Ukraine’s state budget has received €3.47 billion from the European Union under the Ukraine Support Loan. The funds will be directed to defense and other priority needs.
Prime Minister Sergii Koretskyi announced the transfer on Telegram, Ukrinform reported.
“We have received another tranche of €3.47 billion from the EU under the Ukraine Support Loan. These funds will strengthen defense and finance urgent needs,” the statement said.
According to the European Commission’s press service, €3.47 billion is disbursed to Ukraine, under the defense window of the €90 billion Ukraine Support Loan. The funding is provided in response to Ukraine's urgent military needs, as it continues to require capability support to defend itself against Russia's war of aggression.
“Today, we are investing an additional €3.47 billion to help protect Ukraine's skies. With this new disbursement under our €90 billion loan package, we are helping Ukraine defend its people. We are also bringing our defence industries closer together, combining Europe's industrial scale with Ukraine's unmatched innovation. This is our new Drone Deal taking shape. And let this new support send a clear message: every Russian strike strengthens Ukraine's determination to be free and our determination to stand with Ukraine, for as long as it takes,” said Ursula von der Leyen, President of the European Commission.
