LIVE PROTOCOL
EET--:--:-- edition--.--.--

EU to lend Ukraine a further 90 billion euros as first tranche is paid

EU to lend Ukraine a further 90 billion euros as first tranche is paid

The European Commission President, Ursula von der Leyen, has announced that the European Union will provide Ukraine with a further 90 billion euros over the next two years under its Ukraine support loan, and said the first tranche of that loan, exactly 3.2 billion euros in macro financial assistance, was being transferred. Speaking at the start of a conference, she said the prosperous Ukraine of tomorrow requires massive investments today, and noted that since the beginning of Russia's full-scale invasion the EU and its member states have provided 200 billion euros in economic, financial and military support. The announcement struck a positive tone even as a row between Kyiv and Warsaw over World War Two-era massacres threatened to overshadow the event, which Ukraine's President Volodymyr Zelensky skipped amid the dispute, sending the Prime Minister in his place.

The European Union will provide Ukraine with a further 90 billion euros over the next two years, the European Commission President, Ursula von der Leyen, announced, framing the money as essential to rebuilding the country. The prosperous Ukraine of tomorrow requires massive investments today, she told a conference, casting the new funding as an investment in Ukraine's future rather than only emergency relief.

She paired the pledge with an immediate, concrete step. The first tranche under the Ukraine support loan, she said, was being transferred that day, amounting to exactly 3.2 billion euros in macro financial assistance. She described herself as happy and proud to announce the disbursement, signalling that the new loan was already moving from promise to payment.

The fresh commitment sits on top of an already vast effort. Von der Leyen said that since the beginning of Russia's full-scale invasion, the European Union and its member states have provided 200 billion euros in economic, financial and military support, a figure that underlines how central the bloc has become to keeping Ukraine's state and economy running through the war.

The upbeat tone of the announcement was set against political friction in the background. The event was shadowed by a row between Kyiv and Warsaw over World War Two-era massacres, a dispute that threatened to overshadow proceedings even as European officials tried to keep the focus on financial support for Ukraine.

That tension was visible in who was, and was not, in the room. Ukraine's President Volodymyr Zelensky skipped the event amid the spat, sending the Prime Minister to attend in his place. His absence was a reminder that, alongside the headline figures, the politics surrounding Ukraine's wartime partnerships remain delicate even among close allies.

Loading article...