In Brussels, they consider it possible to review the volume of the European Union’s (EU) 90 billion euro loan if Ukraine needs more funds.
“Elchi” reports that a high-ranking EU official stated this.
According to him, 24 EU states are participating in the financing of the loan, with the exception of the Czech Republic, Hungary, and Slovakia. The source noted that the participation of Great Britain in the borrowing mechanism remains a subject of discussion for now.
According to him, the funds for the loan will be raised from financial markets under the guarantee of the EU budget.
It was previously reported that the repayment of the loan would be carried out at the expense of reparations to be collected from Russia for the damage caused to Ukraine during the war.
In the event that Russia refuses to pay, the obligations will fall on the countries participating in the borrowing. In such a case, the EU may return to the issue of using frozen Russian assets in the bloc’s member states to repay the loan provided to Ukraine.
“The issue of their use has never been off the agenda, but the decision will require additional discussions and coordination,” he said.
It was noted that the financing structure provides for 30 billion euros in macro-financial assistance for budget support (via EU instruments) and 60 billion euros for investments in the defense industry, including arms purchases from manufacturers in Ukraine, the EU, and partner countries.
The funds will be allocated in stages according to Ukraine’s needs and based on the financial strategy approved by the European Commission. 45 billion euros are earmarked for 2026, of which 28.3 billion euros will be directed to the development of the defense industry.