The EU has provisionally approved a €90 billion military loan for Ukraine, expected to cover two-thirds of its defense spending for the next two years.
A Kyiv Independent report indicates Ukraine still faces a €19.6 billion shortfall in its defense budget despite the new EU loan.
The message provides new details on the loan's structure, confirming Slovakia's non-opposition, the exemption of three nations from joint borrowing, the expected coverage of Ukraine's defense budget, the specific disbursement schedule for 2026-2027, and the likely use of frozen Russian assets for repayment. It also links the aid approval to the resumption of Ukrainian oil flows to Slovakia and Hungary.
