Parliament ratifies Zelenskyy's bill on 90 billion-euro EU loan for Ukraine

Bill No. 0376 was approved by 276 members of parliament. No one voted against it or abstained. Another 27 members did not vote.

President Volodymyr Zelenskyy submitted the bill to Ukraine’s parliament to ratify an agreement on a 90 billion-euro ($104.5 billion) loan from the European Union earlier today, according to the card for bill No. 0376.

The bill ratifies the Loan Agreement and the Memorandum of Understanding between Ukraine and the EU on receiving Ukrainian macro-financial assistance.

The agreement sets total assistance for 2026 at up to 45 billion euros, divided into two components:

• Defense component: up to 28.3 billion euros ($32.8 billion), to be used for arms purchases and strengthening defense-industrial capacity.
• Budget component: 16.7 billion euros ($19.4 billion), to be used to support macro-financial stability and cover the state budget deficit.

The budget component would also be split between two instruments: up to 8.35 billion euros ($9.7 billion) would be provided directly as macro-financial assistance, and another up to 8.35 billion euros would be provided through the Ukraine Facility mechanism.

The memorandum specifies how the macro-financial assistance from the budget component would be disbursed. Under the document, the money would be paid out in three tranches: 3.2 billion euros ($3.7 billion), 3.7 billion euros ($4.3 billion), and 1.45 billion euros ($1.7 billion).

Each tranche has its own conditions. The first requires, among other things, submitting bills to cancel a tax exemption for international parcels and to tax digital platforms. Ukraine’s parliament has so far not backed those bills. The second tranche requires those bills to be passed, while the third requires, among other things, reform of the preferential tax regime.

MP Yaroslav Zheleznyak wrote that parliament could vote on the ratification bill as early as Wednesday, May 28.

More on the 90 billion-euro loan

The 90 billion-euro loan for Ukraine for 2026-27 was approved on December 19, 2025. Repayment would be covered by the EU budget. The loan could be repaid only after Russia pays reparations to Ukraine.

The first payment had been expected at the start of the second quarter of 2026. In February, however, Hungary blocked the loan until oil supplies through the Druzhba pipeline were restored.

The blockage was lifted only after a change of government in Hungary and after Ukraine repaired the Druzhba pipeline.