Verkhovna Rada warns of risk of €90 billion from EU "expiring" without adoption of necessary laws

Ukraine must fulfill its obligations and pass the necessary laws by December 1, 2027; otherwise, the country may lose 90 billion euros from the EU for 2026-2027, which the parliament has ratified. This was stated by Member of Parliament Yulia Sirko during a speech in the Verkhovna Rada, reports the UNN correspondent.

Details

"There are many obligations that Ukraine has undertaken not only in this memorandum but also in other memoranda. But most importantly—this agreement is valid until December 1, 2027. If you do not manage to pass all the laws, then 90 billion will vanish, so please, ruling party, exert yourselves. And if you want to receive these 90 billion—you need to work very, very actively and pass everything that you promised and your government promised by December 1, 2027," Yulia Sirko emphasized.

Recall

On Thursday, the Verkhovna Rada voted on a draft law to ratify a loan agreement and memorandum with the European Union to secure a 90 billion euro loan, amid criticism over the tight deadlines. 

The funds are expected to be directed toward defense and the budget, with repayment covered by Russian reparations.

President Volodymyr Zelenskyy noted the promptness of the parliament's ratification of the agreement with the EU for 90 billion euros in support for Ukraine and stated that it is evidence of "the constructiveness of our joint work and readiness to hear one another."

Earlier this year, reports circulated about a crisis involving problems with voting effectiveness and difficulties in the parliament's operations, but as recently as March, the head of the mono-majority—the "Servant of the People" faction—David Arakhamia stated in a comment to the media that the situation was "under control."

Deputy Prime Minister Yulia Svyrydenko indicated that "joint work between the government and parliament to fulfill international obligations, implement reforms, and maintain external financing, which is critical for the state's resilience," continues.

Meanwhile, on the eve, the Verkhovna Rada failed to cancel the tax exemption on parcels valued up to 150 euros. The cancellation of the exemption was among Ukraine's obligations under the new Extended Fund Facility (EFF) program from the IMF worth 8.1 billion dollars. This occurred ahead of the arrival of the IMF mission to review the cooperation program with Ukraine for the potential disbursement of a loan tranche.