EU Gives Preliminary Approval to Unblock €90B Ukraine Loan

Hungary has been given 24 hours to provide its final approval, while Budapest has said it is waiting for renewed oil deliveries via the Druzhba pipeline after Kyiv restarted oil flows on Wednesday. Make us preferred on Google Share Facebook X (Twitter) LinkedIn Bluesky Email Copy Copied This photograph shows European Union flags outside the Berlaymont building, the headquarters of the European Commission, in Brussels on December 15, 2025. (Photo by Nicolas TUCAT / AFP) Content Share Facebook X (Twitter) LinkedIn Bluesky Email Copy Copied Flip Make us preferred on Google Ambassadors of EU member states on Wednesday gave a preliminary green light to unblocking a €90 billion ($106 billion) financial support package for Ukraine, alongside a 20th round of sanctions against Russia, diplomats told Radio Free Europe/Radio Liberty (RFE/RL) . Hungary has been given 24 hours to give its final approval, while Budapest said it is waiting for renewed oil deliveries via the Druzhba pipeline after Kyiv repaired damage following a months-long disruption. Follow our coverage of the war on the @Kyivpost_official . Cyprus, which holds the EU’s rotating presidency, said ambassadors from all 27 member states agreed to launch a “written procedure” to complete final approval by Thursday afternoon, according to diplomats cited by RFE/RL. The EU expects to deliver the first tranche of the €90 billion loan to Ukraine by late May or early June 2026 , European Economy Commissioner Valdis Dombrovskis said on Tuesday. The funding is set to cover roughly two-thirds of Ukraine’s external financing needs for 2026-27, though uncertainty remains over the remaining share required for 2027. Ukraine’s Finance Minister Serhiy Marchenko said Kyiv is currently drafting its next state budget, including both military and civilian spending, while seeking additional support from international partners. EU officials have emphasized that while Ukraine’s 2026 financing is largely secured, addressing the 2027 funding gap remains a key challenge. Other Topics of Interest Germany Urges EU to Speed Up Ukraine Aid “For Ukraine, everything is at stake,” Johann Wadephul said, calling on EU member states to speed up support and end political delays. To unlock the funds, Ukraine and the EU are finalizing a memorandum outlining required reforms, while additional contributions are expected from G7 countries, the International Monetary Fund (IMF), and bilateral agreements with Kyiv’s allies. Foreign Minister Andriy Sybiha has urged EU states to quickly finalize the package, warning that delays could have immediate consequences. EU foreign policy chief Kaja Kallas said earlier that she expected the decision to be approved this week. Yuliia Zavadska is a news writer at Kyiv Post. She has experience in breaking news coverage, fact-checking, and digital journalism, with a focus on fast, accurate reporting and clear storytelling. Before joining Kyiv Post, she worked as a news feed editor for several leading Ukrainian media outlets.