Ukraine's parliament ratified loan agreement with EU
Lawmakers approved the deal by 298 votes, unlocking €45 billion this year for defence, budget support and reforms tied to future payments.
- On Thursday, Parliament ratified a €90 billion loan agreement with the European Union by 298 votes, clearing the way for first disbursements in June.
- Hungary lifted its veto last month, ending months of delays that had blocked the €90 billion loan and easing pressure on the Ukrainian state budget.
- Ukrainian Prime Minister Yulia Svyrydenko said, "The funds will be allocated to national defence and security, strengthening energy resilience and covering the budget deficit," as Ukraine expects €3.2 billion next month.
- The IMF monitoring mission arrived in Kyiv on Wednesday for the first review of its $8.1 billion lending program, with disbursements conditional on reforms and anti-corruption commitments.
- European Union funding will allow Ukraine's defence spending to rise to about $100 billion this year, though Parliament recently balked at legislation involving tax measures, highlighting implementation friction.
37 Articles
37 Articles
Ukrainian Parliament Ratifies EU Loan to Increase Defense Spending
Ukraine’s parliament has ratified a multi-billion-euro loan agreement with the European Union, which will allow Kyiv to boost defense spending amid the war with Russia, now in its fifth year. Ukrainian parliamentarians backed the loan on May 28 with 298 votes—far more than the 226 required for a majority. After the vote, Ukrainian President Volodymyr Zelenskyy thanked parliamentarians, writing on X that the funds “will strengthen our resilience …
Ukraine ratifies €90 billion EU loan to boost spending on defence
Ukraine’s parliament ratified a loan agreement with the European Union on Thursday, paving the way for €90 billion in financing and allowing the government to channel record funds to defence and the war with Russia now in its fifth year. Immediately after the vote, President Volodymyr Zelenskiy thanked the lawmakers and European partners, saying the funds from the EU would strengthen Ukraine’s resilience. “This was one of the most important vote…
Zelenskyy on ratification of EU loan agreement: One of the most important votes, demonstrating the constructiveness of our joint work
President of Ukraine Volodymyr Zelenskyy has thanked the parliament for ratifying the EUR 90 billion EU loan agreement, adding that it is one of the most important votes, demonstrating the constructiveness of joint work and a readiness to hear one another.
The Ukrainian parliament has approved agreements with the EU regarding the borrowing of 90 billion euros. A large majority of parliamentarians voted in favor of the proposal.
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