Von der Leyen announces first €3.2 billion payment to Ukraine under €90 billion EU loan
European Commission President Ursula von der Leyen announced the first disbursement under the EU's €90 billion loan to Ukraine. The €3.2 billion payment will help cover Kyiv's financial and budgetary needs, with a second tranche of about €6 billion for drone production expected soon.
European Commission President Ursula von der Leyen announced that the first tranche of the EU's €90 billion loan to Ukraine has been disbursed. The €3.2 billion payment is intended to help cover Kyiv's financial and budgetary needs as the war continues.
Von der Leyen said a second payment worth about €6 billion is expected in the coming days, with that tranche dedicated specifically to drone production. The European Union has been working to scale up financial support for Ukraine and sustain its war effort.
The loan package is seen as a central element of the EU's longer-term backing for Ukraine. As Brussels seeks to maintain unity among member states on defence and aid, the effective use of the funds and the pace of further disbursements will be closely watched in the months ahead.
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