Ukraine may not have enough funds for the €90 billion EU loan – WSJ
25 April 20:18
The EU may have to revisit the issue of funding for Ukraine as early as next year—despite the fact that the Council of the European Union approved a €90 billion loan for Ukraine this week. This was reported by The Wall Street Journal (WSJ), according to "Komersant Ukrainian".
It was previously expected that, following the allocation of this amount, the issue of financing would not arise again until at least 2028.
“The EU loan was intended to cover two-thirds of Ukraine’s budgetary and defense spending needs for this year and next. Japan and a number of Western countries, including the United Kingdom, are negotiating to provide Kyiv with approximately €45 billion needed by the end of 2027, but no agreements have been finalized yet,” the WSJ clarifies.
WSJ: Kyiv will need an additional €19 billion
According to diplomatic sources, Ukraine’s funding shortfall for next year has grown since the loan was first planned—Kyiv will need an additional €19 billion to cover its budgetary needs in 2027.
“The situation is complicated by a number of factors, including the crisis in relations with the administration of U.S. President Donald Trump and rising energy prices amid the war in Iran,” the publication notes.
EU Council Approves Loan to Kyiv
The EU Council approved a loan to Ukraine, as well as the 20th package of sanctions against Russia, on April 23. Both documents were adopted unanimously via a written procedure, according to the Permanent Representation of Cyprus—the country currently holding the rotating EU presidency.
“Today, the Council approved the final element necessary to provide Ukraine with a loan of 90 billion euros. The Cypriot presidency has been working tirelessly to ensure that all necessary elements for the loan are in place,” said Makis Keravnos, Minister of Finance of the Republic of Cyprus.
According to him, disbursement of the loan will begin “as soon as possible to provide vital support for Ukraine’s most urgent budgetary needs.” “The EU remains steadfast in its support for Ukraine’s sovereignty and territorial integrity,” he added.
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Hungary lifted its veto following the opposition’s victory in the elections
The €90 billion loan for Ukraine, scheduled for 2026–2027—a country that has been resisting full-scale military aggression by the Russian Federation for five years now—was agreed upon back in December 2025 but remained blocked by the Hungarian government for a long time.
Following the parliamentary elections in the country, Péter Magyar, leader of the victorious opposition party “Tisza,” promised not to block the loan to Ukraine, adding that Budapest itself does not plan to participate in the disbursement of funds. European Commissioner for Economy Valdis Dombrovskis announced on April 21 that Brussels expects to disburse the first tranche by the end of May or early June.
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