European Commission President Ursula von der Leyen welcomed the European Parliament’s swift approval of a proposal for an additional €90 billion loan to Ukraine. She said the decision was a sign of Europe’s steadfast support for Ukraine.
Ursula von der Leyen wrote about this on X.
In her post, Ursula von der Leyen noted that Ukraine’s courage remains unbreakable, as does Europe’s determination to stand by its side. She stressed that support for Ukraine is a matter of security for the entire European continent.
“I welcome the @Europarl_EN speedy adoption of our proposal for an additional €90 billion loan for Ukraine. Ukraine’s courage is unshakable. And so is Europe’s resolve to stand by its side. Today and tomorrow! Because a strong Ukraine makes all of Europe safer,” the post reads.
According to European Commissioner for Economy Valdis Dombrovskis, the €90 billion loan is intended to finance Ukraine’s military and budgetary expenditures.
The loan is scheduled for 2026-2027 and consists of €60 billion in military aid and €30 billion in budget support through EU borrowing.
The decision now has to be approved by the European Council, after which the European Commission will be able to make the first payment at the beginning of the second quarter of this year.