Ukraine receives €4.36 billion from EU under Ukraine Support Loan
Prime Minister Serhiy Koretskyi said Ukraine has received another €4.36 billion from the European Union under the Ukraine Support Loan. Of that amount, €3.7 billion is macro-financial assistance and €660 million is earmarked for defense. Koretskyi announced the disbursement on social media on Thursday, Nov. 5.
On November 5, Ukraine received a substantial payment of €4.36 billion as part of the Ukraine Support Loan. According to the report by UATV English, this sum is allocated across key sectors within the nation. A significant portion of €3.7 billion will be directed towards budget expenditures, while an additional €660 million will be designated for the needs of the Defense Forces.
This is the second tranche of aid under this loan agreement. Ukrainian Prime Minister Serhii Koretskyi announced these details, emphasizing the importance of this support amidst ongoing Russian attacks. The prime minister highlighted that this financial assistance is crucial for bolstering Ukraine's defense capabilities and ensuring the state's financial stability.
EU Commissioner for the Economy Valdis Dombrovskis echoed these sentiments, stating that Ukraine's compliance with agreed conditions demonstrates its unwavering commitment to its EU accession path and economic resilience. Dombrovskis further noted that the €4.36 billion disbursement under the Ukraine Support Loan is a testament to this progress, providing vital and predictable support to Ukraine's economy, essential services, and national resilience.
He also stressed that EU support extends beyond financial aid, serving as an investment in Ukraine's reconstruction, security, and future membership of the European Union. It is worth recalling that Ukraine and the European Union have devised a plan to meet the country's budget and defense needs for 2026.
Written by urgent.news from UATV English's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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