European Commission advances preparations for proposed €90 billion Ukraine loan
The Facts
- On 1 April, the European Commission approved a package of documents as part of technical preparations for a proposed €90 billion loan to Ukraine for 2026-2027.
- The proposed €90 billion loan package for Ukraine remains blocked by a political deadlock among EU member states, with Hungary identified as blocking it.
- The Commission’s adopted package includes a proposal for the Council to approve the overall amount of EU support to Ukraine for 2026.
- The package also includes a decision validating procurement derogations for the first defense product schedule under the loan.
- The first defense product schedule under the proposed loan is set to focus on drones for the Armed Forces of Ukraine.
- The European Commission said it is continuing technical work and preparatory steps on the Ukraine loan despite the lack of final political approval.
Context
What did the Commission approve on 1 April?
It approved a package of documents tied to technical preparations for the proposed €90 billion Ukraine loan, including a Council proposal on the 2026 support amount and a decision on procurement derogations for an initial defense schedule Українська …,Anadolu Ajansı.
What would the first defense procurement under the loan cover?
According to the Commission materials cited by the reports, the first defense product schedule under the loan would focus on drones for the Armed Forces of Ukraine Українська …,Anadolu Ajansı.
Has the full €90 billion loan been approved?
No. The reports say the Commission is still doing technical preparation, but the broader €90 billion package remains blocked in the EU’s political process, with Hungary cited as the obstacle Українська …,Anadolu Ajansı.
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