In December 2025, European leaders agreed to provide Ukraine a zero-interest €90 billion loan in 2026–2027 backed by EU guarantees.
The European Union will release the €90 billion loan to Ukraine if the IMF and Kyiv agree on a new $8.1 billion lending program, Prime Minister Yulia Svyrydenko said, according to Ukrinform.
Svyrydenko said the IMF Executive Board will soon consider a new four-year program for Ukraine that could provide $8.1 billion. She said she is confident the Board will approve it.
The IMF has dropped prior up-front conditions for launching the program. Earlier requirements had included: introducing VAT for FOP (sole proprietors), duties on international parcels, a tax on digital platforms, and extending the 5% wartime levy.
International lenders took into account Ukraine’s difficult circumstances, including ongoing Russian airstrikes targeting the country’s energy infrastructure.
If Kyiv and the IMF sign the new program, Ukraine will receive the first EU tranche in April, the prime minister said, without specifying the amount.
In October 2025, European leaders pledged to finance Ukraine in 2026–2027. The initial plan envisioned a zero-interest “reparations” loan of €120 billion backed by frozen Russian assets, but some EU countries, including Belgium, opposed the proposal.
In December 2025, leaders instead approved a zero-interest €90 billion loan under EU guarantees for 2026–2027. Of that, €60 billion would go toward military equipment, weapons and ammunition for Ukraine’s forces (EU capitals have yet to agree whether to buy from U.S. or European defense suppliers), and €30 billion would provide budget support.
