Balgarianovinite.com The Council on Wednesday agreed its position on the legal framework implementing the European Council agreement to provide a EUR 90 billion loan to Ukraine for the years 2026-2027. The Council aims for a speedy agreement with the European Parliament to allow the first payment to be disbursed early in the second quarter of this year, according to a press release.
At the end of January, the European Parliament voted in favor of accelerated negotiations between the European institutions to secure the loan. In December last year, the European Council decided that the loan would be raised on international financial markets and would be covered only by EU Member States that wish to participate.
The Ukraine support loan will help Ukraine address its urgent financing needs as Russia continues its war of aggression. To that end, it will specifically aim to support Ukraine’s general budget and defence needs.
The loan will be financed through EU borrowing on the capital markets and will be backed by the EU budget. The loans will become repayable only once Russia has paid war reparations to Ukraine. Furthermore, the financing will help strengthen the European and Ukrainian defence industries.
Wednesday’s decision was taken through the enhanced cooperation procedure with the participation of 24 member states.
Under the proposed framework, the EU will make funding available to Ukraine in two ways: EUR 30 billion will be provided as macroeconomic support to Ukraine, channelled via macro-financial assistance (MFA) or implemented through the Ukraine Facility, the EU’s dedicated instrument for providing Ukraine with stable and predictable financial support. EUR 60 billion will be used to support Ukraine’s capacity to invest in defence industrial capacities and to procure military equipment. The funding will give Ukraine crucial and timely access to defence products from both the Ukrainian and EU defence industries.
The financial and economic assistance available under the loans will be made accessible in line with Ukraine’s financing needs, determined by a financing strategy to be prepared by Ukraine itself. The Council will need to approve this strategy following a Commission assessment.
In all cases, funding will be linked to strict conditions on Ukraine’s side such as adherence to the rule of law, including the fight against corruption.
Defence products should in principle only be procured from companies in the EU, Ukraine, or EEA-EFTA countries. This will not have an impact on the budget contributions of Czechia, Hungary and Slovakia, who have chosen not to take part in the enhanced cooperation.
The Council will now seek a speedy agreement with the Parliament on the final legal texts of the regulation implementing the support loan and the regulation amending the Ukraine Facility.
The Council is also now expected to request, via written procedure, the consent of the European Parliament on an amendment to the current MFF regulation to guarantee the financial assistance under the EU budget.
Once all steps are complete, the Commission will be able to disburse the first payment early in the second quarter of this year.
According to preliminary projections of the IMF, the total estimated remaining funding needs of Ukraine for the period 2026-2027 amount to EUR 135.7 billion, under the assumption that Russia’s war of aggression will end in 2026.
Since the start of Russia’s military aggression, the EU and its member states have provided EUR 193.3 billion in assistance to Ukraine. Council of EU Takes Another Step to Secure Loan for Ukraine 2026 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2026-02-04 18:02:00 Latest news World news Country news Most important news latest news most important latest of the day Justice Petar Nizamov Feathers Petar Nizamov- Feathers Justice bg iustitia.bg iustitia iusticia usticia investigation Burgas Bulgaria news news of the last hour news of the day news of today Bulgaria news The news from Bulgaria blitz news top news most important most commented latest news Boyko Borisov news weather coronavirus news news weather facebook youtube facebook instagram news today news of the last minutes news today today news news bg news leading news hot news bg news site for news all news news bg news of the last hour latest latest news bg news of today news today news today news of the last hour latest news today news bg news news 24 hours news vesti bg novini news world bird bg bivol bg bivol trud bg novini latest news today novinite bg news hello bulgaria political party coat of arms delyan peevski scandalous Bulgarian National Television Free Europe Television scandal exclusive live tv live right now tv tv online tv program bg live now tv news online tv online live court Burgas court Burgas district court Burgas court Burgas district court Burgas district court Burgas appellate court Burgas prosecutor Burgas prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Prosecutor General Ivan Geshev Prosecutor Geshev Tsatsarov Ministry of Internal Affairs Burgas ODMR Burgas ODPR Burgas police Burgas district police Burgas prosecutor Tsatsarov SGS cases Varna court chairman of the SGS court decisions on civil cases decisions on cases Plovdiv court decision of the court decisions cases Varna court criminal cases district district court decisions work in the court SGS chairman of the SGS judges Sofia court post judges Plovdiv court Plovdiv judges Plovdiv Supreme Court Inspectorate Supreme Court Supreme Judicial Council lawyer lawyer criminal cases lawyer civil cases lawyer marriage cases lawyer administrative criminal law criminal process civil law civil process administrative law constitutional law