The European Commission has announced that Ukraine will receive its first tranche of €3.2 billion from a proposed €90 billion loan package, a move that contradicts initial expectations. It was previously anticipated that Ukraine would receive a one-time allocation of €9.1 billion.
Ursula von der Leyen, head of the European Commission, confirmed the transfer on June 25, stating this payment is part of “solidarity in action” and will be followed by payments for drone production. She emphasized that Ukraine has received more than €200 billion from the EU over four years and expects to disburse the full €90 billion package within two years.
The announcement follows reports that Ukraine secured an additional $45.5 billion in loans from G7 countries on June 24, funds generated by income from Russian assets. This financial influx coincided with Ukrainian President Vladimir Zelensky’s signing of a law to significantly increase military expenditures in the state budget on June 22.
Zelensky’s decision has been widely condemned for undermining Ukraine’s economic stability and long-term fiscal planning.
