EU plans major Ukraine funding proposal on January 14

The European Commission is set to present a legislative proposal on Wednesday, January 14, outlining a €90 billion EU loan for Ukraine, officials in Brussels have indicated. 

The first tranche could be disbursed in the early months of the second quarter of 2026, Caliber.Az reports per Ukrainian media.

A senior EU official and diplomat, speaking on condition of anonymity, said that the proposal will set the framework and conditions for the funding, including how the loan may be specifically used.

Once published, the draft legislation will be forwarded to the Council of the European Union for discussion before ultimately seeking approval from the European Parliament.

The European Commission’s press office confirmed that preparations for the Ukrainian loan are underway, although no official date for the proposal has been announced.

Commission spokesperson Balázs Újvári said legislative measures would be put forward “in the near future” to ensure the timely release of funds to Ukraine.

On January 7, EU President António Costa said that the EU is open to providing security guarantees to Ukraine as part of a future peace agreement.

“We are ready to commit to a system of political and legally binding guarantees that will be activated when a ceasefire comes into force,” Costa stated, following a meeting in Paris with countries supporting Ukraine.

He added that the EU will contribute to the planned guarantees, aiming to ensure a “long-lasting” peace. Costa also emphasised that EU membership for Ukraine is central to “the country’s future prosperity.”

At the EU summit in December, 24 of the 27 EU countries agreed to provide Ukraine with a 90 billion euro loan to support the country over the next two years. “Part of these funds will support Ukraine’s armed forces, which constitute the first line of defence against the aggression,” Costa said.

According to Costa, the goal is for Ukraine to be “in the strongest possible position before, during and after a ceasefire.”

European Commission President Ursula von der Leyen highlighted EU membership as a key part of Ukraine’s security guarantees. “Today, strong unity for Ukraine was shown in Paris at the meeting between the leaders of the coalition of willing countries from EU member states, NATO allies and Ukraine’s friends. Our joint declaration sends a clear message. We stand united behind Ukraine, and a safe and prosperous future lies ahead,” she wrote on X.

By Aghakazim Guliyev