The European Union expects to disburse between 2.5 and 2.7 billion euros to Ukraine. This decision follows the Ukrainian parliament’s completion of essential reforms last week. These funds originate from the EU’s Ukraine Facility, which operates independently of the larger 90 billion euro loan package.
Reuters reported this development, citing EU Enlargement Commissioner Marta Kos during the IMF and World Bank spring meetings in Washington.
She emphasized that consistent financial support directly depends on Kyiv’s progress in implementing structural changes. Furthermore, Kos noted that the political shift in Hungary following Viktor Orban’s resignation paves the way for the full delivery of EU credit commitments to Ukraine.
Economic stability and future outlook
Marta Kos provided details regarding the funding mechanism and the specific requirements for Ukraine.
“There is a Ukraine plan, where we have 173 reforms they have to do … and if they deliver, we can give them the money,” the Commissioner stated.
She added that the European Commission is already in contact with Hungary’s potential new Prime Minister, Peter Magyar. Consequently, she believes the chances of delivering the 90 billion euro loan have reached 100%.
Ukrainian Finance Minister Serhiy Marchenko confirmed the vital importance of this international assistance. He stated that Ukraine’s financing gap of 52 billion dollars in 2026 will be covered once the EU loan becomes available. However, the government remains in active discussions regarding closing the expected budget deficit for 2027. Additionally, IMF mission chief Gavin Gray praised the Ukrainian government for maintaining macro-financial stability. He specifically lauded Kyiv for avoiding the perils of wartime economies, such as excessive money printing and runaway inflation.
The Ukrainian economy has shown growth since late 2022, surpassing previous IMF forecasts. Minister Marchenko reassured international partners that Kyiv remains committed to reforms for the country’s long-term advancement. He highlighted that Ukraine’s stability is essential for all partners, as any failure would impact the entire coalition during this full-scale war. The EU continues to play a leading role, covering nearly two-thirds of the country’s financing needs.
Previously, The Ukrainian Review reported that Slovakia backs EU loan for Ukraine but may block sanctions.
