The first tranche of the European Union (EU) 90 billion euro loan is expected to be disbursed to Kyiv in the second quarter of 2026, said Maciej Berestecki, the European Commission's press secretary, at a briefing today, APA reports.
According to him, the EU is currently working on the final approval of the legal basis for providing Ukraine with the promised 90 billion euro loan for the next two years.
Berestetski said that the proposal to provide the loan is being discussed in the EU Council within the framework of enhanced cooperation. The decision by the Council can only be adopted by a majority, which means that the issue cannot be blocked.
In addition, the consent of the European Parliament is also required for the approval of the enhanced cooperation decision. It is planned that the approval process of both the Council and the Parliament will be completed in the next few weeks.
Thus, the first tranche is expected to be disbursed to Kyiv in the second quarter of 2026. The loan is intended to strengthen Ukraine's economic stability and implement long-term recovery plans.
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