Parliament has ratified the Ukraine Support Loan Agreement, unlocking up to €90 billion in support for Ukraine over 2026–2027

The Verkhovna Rada of Ukraine has ratified the Ukraine Support Loan Agreement between Ukraine and the European Union, as well as the Memorandum of Understanding on receiving EU macro-financial assistance.

The ratification of these documents creates the legal framework for Ukraine to receive up to EUR 90 billion in financial support from the European Union during 2026–2027.

“Ukraine Support Loan will become an important instrument for maintaining Ukraine’s macro-financial stability, financing priority State Budget expenditures, and strengthening the country’s defence capacity amid the full-scale war. The first tranche of EU macro-financial assistance worth EUR 3.2 billion is expected to reach Ukraine within the coming weeks. Together with our European partners, Ukraine has carried out comprehensive work to finalize this mechanism. I am grateful to everyone involved in preparing and agreeing on the decisions that provide Ukraine with access to EUR 90 billion in support for 2026–2027,” said Minister of Finance of Ukraine Sergii Marchenko.

The Ukraine Support Loan Agreement was signed on May 27, 2026, in Brussels and Kyiv. The Memorandum of Understanding on macro-financial assistance was signed on May 20, 2026, in Brussels and on May 27, 2026, in Kyiv.

Under the Agreement, up to EUR 60 billion will be directed toward strengthening Ukraine’s defence-industrial capacity, while EUR 30 billion will be allocated for State Budget support.

In particular, in 2026 Ukraine expects to receive from the European Union:

• up to EUR 28.3 billion to strengthen defence capabilities and procure weapons;
• EUR 16.7 billion in budget support to maintain macro-financial stability and cover the State Budget deficit.

Budget support in 2026 will be provided in two equal parts:

• up to EUR 8.35 billion under the EU macro-financial assistance mechanism;
• up to EUR 8.35 billion through the Ukraine Facility instrument.

Repayment of the loan principal will be made exclusively from future russian reparations or other compensation payments. Should such funds prove insufficient, the EU will have no claim against any other assets of Ukraine.

The Memorandum of Understanding defines a package of reforms Ukraine is required to implement in order to receive three consecutive tranches of macro-financial assistance. These reforms include:

• strengthening domestic revenue mobilization;
• improving the efficiency and sustainability of public expenditures;
• modernizing the public financial management system.

The document also envisages continued reforms in tax and customs policy, public investment management, digitalization of public finances, strengthening audit mechanisms, and integration with EU customs IT systems.