EU maintains plan to begin disbursement of EUR 90 bln loan to Ukraine in Q2 2026, 3 documents still required
The European Union remains committed to beginning disbursement of a EUR 90 billion loan in support of Ukraine in the second quarter of this year, with work ongoing alongside Ukrainian representatives to finalize the necessary documentation, European Commission spokesperson for economic affairs Balázs Ujvári said at a briefing in Brussels on Tuesday.
"We will not disburse it all in the second quarter, but the idea is to start disbursing in the second quarter," he said.
Ujvári clarified that the EU has already adopted the Ukraine Financing Strategy, which sets out how much funding will be provided, for what purposes, and through which channels.
He added that three steps remain before the loan can begin: finalizing a Memorandum of Understanding, which will serve as the foundation for this macro‑financial assistance; updating Ukraine's Plan, which underpins the Ukraine Facility; and drafting the loan agreement itself.
"We have a lot of contacts with our Ukrainian counterparts and we are proceeding as quickly as we can," he said.
He reminded that the agreement to provide the EUR 90 billion loan to Ukraine was reached at the level of all 27 EU member‑state leaders, and the Commission expects all leaders and member states to honor their commitments.
"We remain committed to making the first disbursement as part of this package in the course of the second semester of this year. And if I may recall what the president [of the European Commission Ursula von der Leyen] said, she said that we will deliver on the loan one way or another," Ujvári stated.
As reported earlier, the disbursement of the EUR 90 billion loan, politically approved by EU leaders at the end of 2025, had been held up by Hungarian Prime Minister Viktor Orbán. On Sunday, his party lost parliamentary elections, and Hungary's incoming prime minister, Péter Magyar, has already announced that he will not block the loan.
