US Edition
European Parliament approves €90bn loan for Ukraine
The loan includes €60 billion for military aid and aims to prevent Ukraine's cash shortfall expected by April 2026, supporting the state budget through 2027.
- With 458 votes, the European Parliament approved a €90 billion loan for Ukraine on Wednesday, fast-tracking the vote from 24 February due to urgent funding needs.
- The European Council cleared the plan in December, but Belgium vetoed frozen-assets financing, and Hungary, Slovakia, and the Czech Republic declined support.
- Raising the funds, the EU will sell debt on international markets backed by its long-term budget, with the Commission managing disbursement; €60 billion is earmarked for military needs, and Kyiv can buy from outside the EU if supplies are unavailable locally.
- If the Kremlin refuses to pay, European taxpayers would shoulder long-term costs, as repayments hinge on Moscow’s reparations starting after the war, while Brussels faces €3 billion a year in interest.
- Ursula von der Leyen proposed reserving much of the next multiannual budget for Ukraine, while Hungary’s Prime Minister Viktor Orbán criticised the $800 billion plan and pledged no taxpayer contributions.
89 Articles
89 Articles
EU Parliament Greenlights €90 Billion Loan to Support Ukraine
On Wednesday, European lawmakers approved the EU’s 90-billion-euro loan for Ukraine with 458 votes in favour. With the EP’s fast-tracked approval, the bloc can now start raising funds on the international debt market, backed by its long-term budget. Hence, the Commission is now planning to make the first disbursement to Kyiv as early as April. Of the total package, 60 billion euros is expected to be spent on Ukraine’s military needs, while the r…
Ukraine wants to use EU support to buy the Swedish Gripen fighter jet. This is stated by Minister of Defense Pål Jonson (M) after meeting his new Ukrainian colleague Mykhailo Fedorov in connection with the EU Defense Ministers' meeting. - Through these 90 billion euros that we have been able to secure, Ukraine will also want to use some of the m...
The EU Parliament has given the green light for a new EUR 90 billion loan to Ukraine.
European Parliament Approves EUR90 Billion Loan Package to Support Ukraine Amid War with Russia
Get latest articles and stories on World at LatestLY. In a vote held on Wednesday, Members of the European Parliament (MEPs) adopted three legislative proposals enabling the EU to provide financial assistance to Ukraine for 2026 and 2027, designed to address Ukraine's urgent financing needs as the conflict enters its fifth year. World News | European Parliament Approves EUR90 Billion Loan Package to Support Ukraine Amid War with Russia.
€90 Billion Ukraine Loan Approved in European Parliament
The European Parliament on Wednesday, February 11th approved a €90 billion loan package for Ukraine, providing financial support to Kyiv. Lawmakers voted 458 to 140 in favour of the measure, which is intended to cover roughly two-thirds of Ukraine’s financial needs for 2026 and 2027. The loan will be backed by the European Union’s common budget after plans to use frozen Russian central bank assets were abandoned. Under the scheme, Ukraine will b…
Coverage Details
Bias Distribution
- 55% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
