European UnionMoney, minerals and reconstruction

€90bn EU loan to Ukraine for 2026–2027

“The European Council agrees to provide a loan to Ukraine of EUR 90 billion for the years 2026-2027 based on EU borrowing on the capital markets backed by the EU budget headroom.”

DeliveringEuropean Council conclusions, 18 December 2025 (EUCO 24/25), point 3, sourceVerified by Pavel Guzhikov, checked by AI Journalist

  1. Promised
  2. In plan
  3. Legislated
  4. Funded
  5. Delivering
  6. Delivered

Where it stands

€19.8bn had been paid by 14 October 2026: €3.2bn of macro-financial assistance, €15.8bn for defence procurement and €800m through the Ukraine Facility. The loan is enhanced cooperation of 24 member states; Czechia, Hungary and Slovakia are not part of it.

What has happened

  1. Promised. The European Council agrees to the loan
  2. Legislated. Regulation (EU) 2026/467 establishes the Ukraine Support Loan, up to €90bn evidence
  3. Delivering. The Commission pays the first €3.2bn of the loan evidence

About the cost

€90bn as worded. The Regulation that put the loan into law sets €90bn as its maximum (Article 4(1)). The high end is that ceiling; the low end is an editorial −10%.

More detail

Sources (1)
Checks

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