EU discusses specific measures to deliver €90 billion aid to Ukraine in 2026-2027

On January 9 in Brussels, the Committee of Permanent Representatives (Coreper) discusses specific measures to provide Ukraine with €90 billion in 2026–2027, funds that the European Union plans to raise on external financial markets.

EU member state ambassadors aim to approve a document that would pave the way for expanded cooperation with Ukraine and allow the EU to begin preparing the issuance of loans for subsequent funding to Kyiv from the EU budget, Caliber.Az reports per Ukrainian media.

Once approved by Coreper, the draft Council decision will be sent to the European Parliament. If supported by MEPs, the document would be formally adopted by the EU Council, enabling the practical implementation of the loan.

The European Commission noted that a qualified majority, not unanimity, is sufficient for the Council to approve the decision.

On December 18-19, 2025, the European Council decided to provide Ukraine with a €90 billion loan for 2026–2027, funded through EU capital market borrowings and backed by EU budget reserves under an enhanced cooperation mechanism with Ukraine.

Hungary, Slovakia, and the Czech Republic did not veto the scheme but chose not to participate.

On December 22, 2025, the European Commission adopted a proposal based on the EU Council decision to enable enhanced cooperation with Ukraine and sent it to the Council for approval.

The first loan disbursement to Ukraine is expected no later than the second quarter of 2026.

By Jeyhun Aghazada