Members of the European Parliament voted on Wednesday, February 11, to back a financial aid package for Ukraine that includes a €90 billion Ukraine Support Loan to cover the country’s financing needs in 2026–2027, changes to the Ukraine Facility, and amendments to the European Union’s 2021–2027 Multiannual Financial Framework. The move would allow the EU budget to serve as guarantees for the loan and cover interest payments and other debt-servicing costs. 4554)
The measures now head to the Council of the EU for approval.
A few days after publication in the Official Journal, the Council’s decision will take effect, and the European Commission will be able to launch the Ukraine Facility, enabling the first tranche to Kyiv as early as the beginning of April.
The far-right European Parliament group “Europe of Sovereign Nations” attempted to derail the financial assistance and drafted a resolution proposing to postpone the vote.
While Ukraine deserves EU support, “these €90 billion should be paid by Russia,” said German MEP Hans Neuhoff, a representative of the group.
“We all know that Russia will never do this and that frozen Russian assets will never be used for this financing,” he added.
The document prepared by the ultranationalist forces called for delaying the aid vote until February 24. “The European Commission must tell European citizens the truth: that this is not a loan, but money European taxpayers will pay so that (Ukrainian President Volodymyr) Zelensky remains in power,” the German politician said.
Speakers from political groups and relevant committees came out firmly against the proposal to delay the vote. “Ukraine has never needed us more than today, at a time when, in the middle of winter, Russia is bombing its cities, power plants and civilians. This is our duty and our security interest. Therefore, we must adopt this support for Ukraine and not vote for the Kremlin’s sabotage!” urged French MEP Nathalie Loiseau from the liberal group, drawing applause from colleagues. In the end, the far-right resolution failed in the plenary vote.
The decision to provide Ukraine with financial assistance in the form of a €90 billion loan, financed by borrowing on open markets under guarantees from the EU budget, was taken at a summit of European leaders in Brussels on December 18, 2025. It was supported by 24 of the 27 member states. Hungary, Slovakia and the Czech Republic opposed taking part in the loan but backed the overall decision.
According to European Commission estimates, the cost EU member states will bear for debt servicing will be around €1 billion in 2027 and roughly €3 billion per year from 2028. The loan terms stipulate that Ukraine will have to repay it only if Russia pays reparations for war-related damages.
EU countries agreed that €30 billion of the total loan will go toward financial support for Ukraine, and €60 billion toward military assistance, including weapons procurement. Production and procurement of arms and military equipment financed by the loan must take place in Ukraine, EU member states, and countries in the European Economic Area and the European Free Trade Association (besides EU members, these include Iceland, Liechtenstein, Norway and Switzerland). Only if a specific type of weapon is unavailable or cannot be delivered in a timely manner will purchases be allowed in third countries.
Disbursements under the EU loan will be conditional on Ukraine meeting requirements including upholding democracy, the rule of law, and human rights, including the rights of national minorities. The conditions also include anti-corruption measures and strengthening democratic institutions.
