EU Approves €90 Billion Ukraine Loan as G7 Pressed to Cover Final One-Third

3 articles · Updated · Букви · Jun 16

€90 billion in EU loans will cover about two-thirds of Ukraine’s financing needs for this year and next, with the first tranche due in June, Ursula von der Leyen said.
One-third of the funding gap still remains, and the European Commission chief said securing that support from partners will be a key issue at the G7 summit.
€5.9 billion from the first disbursement is set to fund drone purchases, reflecting the bloc’s push to bolster Ukraine’s frontline defenses while the war intensifies.
April 23 budget changes unanimously approved by the EU Council enabled the loan package and the 20th sanctions round, underscoring the bloc’s longer-term backing for Kyiv.
Volodymyr Zelensky is expected to join the G7 talks, where leaders will pair financing discussions with efforts to press Russia toward negotiations on a just and lasting peace.

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Securing Ukraine’s Future: G7 Summit 2026 and the EU’s €90 Billion Lifeline

Overview

The G7 Summit in Évian-les-Bains from June 15-17, 2026, brought world leaders together for intense talks focused on global stability and the ongoing war in Ukraine. Just before the summit, a deal with Iran helped ease tensions, allowing leaders to shift their attention back to Ukraine’s urgent needs. Ukrainian President Zelenskyy was praised for his progress, and even U.S. President Trump called it a 'real turning point.' The summit highlighted Ukraine’s severe financial losses and dependence on foreign aid, setting the stage for new support measures and shaping the international response to the conflict.

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