LIVE: Ursula von der Leyen unveils €90bn Ukraine loan and new security guarantees for Kyiv

EU Support Package for Ukraine

• 💡 The European Union has adopted a legislative package for a €90 billion loan to Ukraine, demonstrating continued and steadfast support.
• 🎯 This package includes €60 billion for military support and €30 billion for budgetary support, covering 2026 and 2027.
• 🚀 The goal is to enable Ukraine to stand strong against Russia and integrate more closely into Europe's defense industrial base.

Procurement and Conditions

• 🛠️ Military equipment procurement will primarily favor European Union and EFTA countries, but allows for external sourcing if necessary for timely delivery.
• ✅ Budgetary support is conditioned on reforms to advance Ukraine's path to EU membership, focusing on democratic processes, rule of law, and anti-corruption measures.
• 🔑 These reform conditions are non-negotiable and are central to the Ukraine Facility and macro-financial assistance mechanisms.

Russian Assets and Reparations

• 💰 The proposal for reparation loans remains on the table, with Russian assets permanently immobilized until the war ends and reparations are paid.
• ⚖️ Ukraine will not have to repay the loan until Russia pays reparations for the destruction caused by the war.
• 🛡️ The EU reserves the right to use immobilized Russian assets held in the EU to repay the Ukraine support loan, a significant change from previous temporary measures.

Implementation and International Cooperation

• ⏱️ The EU aims for the first disbursement in April, requiring swift agreement from the European Parliament and Council by early March.
• 🤝 The EU is covering the bulk of Ukraine's financing needs, while also engaging with G7 partners, Norway, and international financial institutions like the IMF for additional support.
• 📈 The Ukraine Facility has a proven track record of successfully implementing reforms, even under difficult wartime conditions.