The EU’s memorandum tied to the deal lays out the tax and fiscal reforms Kyiv must pass to unlock two more tranches.

The announcement marks the first disbursement under the €90 billion loan. A second payment worth about €6 billion and dedicated to drone production is expected to be unveiled in…

The disbursement of €3.2 billion will help cover Kyiv's financial and budgetary needs. A second payment worth about €6 billion and dedicated to drone production is expected in the…