Defense Ministry, EC discuss mechanisms for monitoring Ukraine Support Loan funds
Organization of control and procurement accountability for funds under the Ukraine Support Loan program, which foresees nearly €60 billion for Ukraine's defense needs (including the procurement of weaponry, drones, missiles, and the development of the defense-industrial complex), was discussed at meetings between representatives of the Ukrainian defense department and a joint mission of the…
Representatives from Ukraine's defense department and a European Commission delegation met to discuss mechanisms for monitoring funds allocated under the Ukraine Support Loan program, which allocates nearly €60 billion for Ukraine's defense requirements in 2026-2027. The Ministry of Defense of Ukraine highlighted the importance of ensuring transparency and control in the utilization of these funds during a Telegram message on Monday.
The Ukrainian side outlined its defense sector's priorities for 2027, emphasizing support for the production of FPV drones and enhancing middle- and deep-strike capabilities. The discussions also centered around potential joint ventures, the Drone Deal initiative, and integrating the Ukrainian defense industry further into the EU defense-industrial ecosystem.
A key focus of the talks was the control and accountability of defense procurement, including transitioning to competitive procedures, electronic bidding, audits, and risk-oriented verification of counterparties.
Written by urgent.news from Interfax-Ukraine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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