EU Summit approves €90bn joint borrowing for Ukraine for 2026-2027
Summit European Union approved the decision to €90bn of joint borrowing to support Ukraine in 2026-2027. The decision was made by the EU leaders following the talks.
What the EU has decided
We are talking about collective debt financing, when the funds will be raised on behalf of the EU and directed to the needs of Ukraine - in particular Macro-financial stability, recovery and defence capability.
Rejection of the «reparations loan»
The decision came after the EU refused the option of the so-called «reparations loan», which was discussed for a long time. This approach involved linking funding to future reparations from Russia, but Brussels concluded that Joint borrowing is a faster and more legally reliable mechanism.
Context.
The new funding should be a key element of the EU's long-term support for Ukraine in the period 2026-2027 and complement existing assistance programmes amid the ongoing war and reconstruction needs.
Ukrainian
English