The European Parliament has supported the proposal for a Council decision to activate enhanced cooperation to create a €90 billion Loan for Ukraine in 2026–2027, APA reports, citing European Pravda.
The decision adopted by the European Parliament authorises the establishment of a credit mechanism within the framework of enhanced cooperation and will enter into force after formal approval by the Council of the European Union.
The document notes that financial assistance to Ukraine should be allocated no later than the second quarter of 2026. The €90 billion loan is planned to be provided through EU borrowing on capital markets, which will be secured by the Union’s budget reserves.
At the same time, the decision clarifies that the use of EU budgetary resources as loan guarantees will not affect the financial obligations of the Czech Republic, Hungary, and Slovakia.
Earlier, the European Parliament supported the use of an accelerated procedure for considering the provision of large-scale financial assistance to Ukraine – a loan of 90 billion euros.
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