Europe approves €90 billion support package for Ukraine

TALLINN - The European Parliament has approved a historic €90 billion support loan package for Ukraine by an overwhelming majority, ensuring the country receives critical military and budgetary aid for 2026 and 2027.

According to MEP Urmas Paet, this step demonstrates Europe's commitment to Ukraine's sovereignty and security at a pivotal moment.

In December, the European Council agreed to allocate €90 billion for 2026-2027 to meet Ukraine's budgetary and military needs. The loan includes €60 billion for military aid and €30 billion for budgetary support, financed through EU loans and with repayment potentially coming from frozen Russian assets.

"Since the beginning of the war, the EU has provided a total of €193.3 billion in support to Ukraine. Importantly, the agreement was reached through enhanced cooperation among 24 member states, which shows that the EU can overcome the lack of unanimity when making urgent and important decisions," Paet said.

According to him, the swift adoption was important so that the Commission could disburse the funds in April. This urgent support will strengthen Ukraine's defense capabilities and ensure the continued functioning of the state.

"The support loan is also open to third countries that have signed SAFE cooperation agreements or security and defense agreements while providing significant military aid to Ukraine, including the United Kingdom, Canada, Japan, and South Korea, who will contribute to the repayment of the loan interest," Paet added.