This is reported by “Economic Pravda” with reference to the press service of the apparatus of the Verkhovna Rada of Ukraine.
The document makes it possible to attract financial assistance from the EU for a total of up to 90 billion euros in 2026-2027. The money will be used to cover the state budget deficit, ensure macroeconomic stability and strengthen defense and industrial potential.
“Repayment of the principal amount of the loan will be made exclusively at the expense of reparations from the Russian Federation, and interest will be covered by the EU budget,” the Verkhovna Rada said in a statement.
Ukraine’s ratification of the agreement was delayed due to EU and IMF demands, which caused the need to finalize the test of the agreement. The day before, Ukrainian mass media reported that the EU and Kiev managed to agree on the text of the loan agreement and finalized it taking into account Brussels’ requirements. The agreement was submitted to the Rada along with a memorandum of understanding on the loan.
In order to receive part of the budget support from the 90bn-euro loan, Ukraine must pass several important bills, including the adoption of the country’s anti-corruption strategy.
