Zelenskyy approved the ratification of €90 billion in EU aid
Kyiv • UNN
The President signed the law on €90 billion in aid from the EU for 2026-2027. The loan is planned to be repaid using future Russian reparations.
President of Ukraine Volodymyr Zelenskyy has signed the law on the ratification of the loan agreement and memorandum with the EU regarding 90 billion euros in financial assistance for 2026-2027, as reported on the parliament's website, according to UNN.
Details
"29.05.2026 - returned with the signature of the President of Ukraine," reads the status update on the document's progress.
The funds will be directed toward supporting macroeconomic stability and strengthening defense potential. The loan repayment will be carried out at the expense of Russian reparations.
The President submitted the corresponding bill No. 0376 to parliament, and the Verkhovna Rada voted on it on May 28.
During the presentation of the project in the parliamentary hall, as reported by MP from the Finance Committee Yaroslav Zheleznyak, Finance Minister Serhiy Marchenko stated that "only yesterday the EU signed the memorandum, the texts in both languages are identical, all conditions specified in the text are micro-fin (8.3 billion euros)." "That is, all other requirements, such as the reform of the SBI, are in the Ukraine Facility," Zheleznyak added on social media.
"I will simplify the discussion on this ratification of 90 billion from the EU... It is a carbon copy of the IMF memorandum. No IMF, no EU money. So there will be nothing new there; de facto, nothing changes. If the IMF changes its requirements, the European Commission will change theirs too. Either way, it was already in the obligations," Zheleznyak pointed out.
What is envisioned
The law defines the framework "for attracting funds within a total amount of up to 90 billion euros, including within the framework of macro-financial assistance as part of a loan to support Ukraine," according to the explanatory note.
As stated, the conclusion and subsequent entry into force of the loan agreement and the memorandum of understanding after their ratification "will allow Ukraine in 2026-2027 to attract up to 90 billion euros in financial resources from the European Union to support the state budget and strengthen defense potential."
In particular, within the framework of the memorandum of understanding, the volume of macro-financial assistance will amount to up to 8.35 billion euros. The basis for receiving the assistance is Regulation (EU) No. 2026/467 of 24.02.2026, which introduces enhanced cooperation regarding the initiation of a loan to support Ukraine for 2026-2027 for a total amount of up to 90 billion euros.
Within this instrument, by the Council Implementing Decision (EU) No. 2026/919 of 23.04.2026 on approving assistance to Ukraine in implementing Ukraine's financing strategy, the financing strategy of Ukraine for 2026 was positively assessed, and the total volume of support for 2026 was determined at up to 45 billion euros, divided into two key components:
- defense component (up to 28.3 billion euros) – directed toward the purchase of weaponry and strengthening defense-industrial potential;
- budgetary component (16.7 billion euros) – directed toward ensuring macroeconomic stability and covering the state budget deficit.
At the same time, the even distribution of the budgetary component's financing is carried out through two instruments:
- up to 8.35 billion euros is provided directly as macro-financial assistance (which is the subject of the aforementioned memorandum);
- up to 8.35 billion euros – additionally through the Ukraine Facility mechanism.
The financial mechanism of the loan instrument to support Ukraine is based on the European Commission raising resources on international capital markets. Utilizing the European Union's highest credit rating (AAA) allows for the attraction of financial resources on the most favorable terms.
At the same time, the costs of servicing these borrowings (interest) are fully covered by the EU budget, and the repayment of the principal amount of the loan will be carried out by Ukraine exclusively after receiving reparations from the Russian Federation.
As stated in the explanatory note, in view of the above, the loan instrument to support Ukraine establishes a framework for attracting a loan from the EU, the source of repayment for which is reparations from the Russian Federation for damage caused as a result of full-scale aggression. Until such reparations are received, it is provided that the servicing of the attracted resource will be carried out at the expense of EU funds.
Thus, the corresponding assistance has the legal status of a long-term concessional loan; however, for the State Budget of Ukraine, it effectively has the character of grant support and will be reflected as state budget revenue. Since current servicing is carried out by the EU and the return of funds is deferred until the moment of actual payment of reparations by the aggressor, the implementation of these acts does not create a real debt burden and will not require additional expenditures from the budget of Ukraine, the explanatory note states.
As reported, "the implementation of the loan agreement and the memorandum of understanding will be carried out within the funds provided for the interested authorities in the State Budget of Ukraine for the corresponding year."