EU to release first €90-billion Ukraine loan tranche in late May or early June

The European Union plans to provide Ukraine with the first tranche of a €90 billion loan package in late May or early June 2026, EU Commissioner for Economy Valdis Dombrovskis has announced.

Dombrovskis added that the technical preparation of the programme is progressing without delays, but the exact timing has not yet been revealed, according to Ukrainian media.

"Perhaps as early as this week," he noted.

Dombrovskis stressed that Ukraine is currently not experiencing liquidity issues or problems with access to funding and has sufficient resources at least until the end of May.

At the same time, he said that Ukraine’s financial needs for the coming months have already been covered by partner countries. "We were able to mobilize funding from other international partners to cover the first half of the year before our funding arrives," he said.

This support includes, in particular, the G7 countries and the IMF, as well as a number of non-EU countries, including Norway. Dombrovskis also noted that payments under the ERA mechanism, financed by revenues from frozen Russian assets, have been steadily flowing to Ukraine since the beginning of 2026.

Brussels emphasises that, following the completion of procedures, the EU expects to ensure a more predictable flow of funding for Ukraine in the second half of the year.

"We are more secured with funding for this year. The main problem now is related to the funding deficit for 2027," the European Commissioner noted.

By Jeyhun Aghazada