European Parliament to vote on EUR 90 billion soft loan for Ukraine earlier
European Parliament (Photo: YOAN VALAT / EPA)

On February 11, the European Parliament will vote on granting Ukraine a concessional loan worth EUR 90 billion. This was announced by the head of the institution, Roberta Metsola, Politico reports.

Earlier, the vote was scheduled for a special plenary session of the European Parliament convened on February 24 in connection with the fourth anniversary of Russia's full-scale invasion.

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However, the process was postponed to an earlier date.

European Parliament spokesperson Delphine Collar said that an agreement had been reached between political groups in the institution.

The center-right European People's Party, the center-left Progressive Alliance of Socialists and Democrats, and the liberal Renew Europe party have agreed to speed up the vote, which will allow the European Commission to raise the necessary funds on the international debt market, secured by the EU's long-term budget. The loan to Kyiv will be financed by these borrowings.

The support of the three groups means that the vote – particularly on changes to the bloc's budget and the current funding mechanism for Ukraine – will receive the majority of votes needed for passage.

This loan, scheduled for 2026-2027, will have to be repaid only after Russia pays Ukraine reparations for the war.

Earlier, on February 4, the EU Council agreed on its position on this loan. According to the proposed scheme, Ukraine will receive €30 billion in budgetary aid, and €60 billion will be used to support Kyiv's ability to invest in the defense sphere and purchase military equipment.

After all the stages are completed, the European Commission will be able to make the first payment in the beginning of the second quarter of 2026.

  • In December, president Zelenskyy claimed that if Ukraine does not receive the tranche from the EU in the spring, Kyiv will significantly reduce the production of drones, in particular for the front line, and will not be able to launch long-range strikes on the Russian energy sector.
  • In January, European commissioner for Economic Affairs Dombrovskis also said that the bloc plans to make the first loan disbursement to Ukraine as early as at the beginning of April.