The European Parliament recently approved a massive loan to defend Ukraine and European security. What is the value of this loan?

In February 2026, the European Parliament approved a €90 billion loan package for Ukraine to support its defense and budget needs for 2026–2027. This loan was formally adopted through Regulation (EU) 2026/467 in late February 2026.

Of the total, €60 billion is allocated to strengthen Ukraine’s defense capabilities and procure military equipment, while €30 billion is designated for macro-financial assistance and budget support. The loan is financed through common EU borrowing, with Ukraine only required to repay it if Russia pays war reparations.

Key Points About the €90 Billion EU Loan:

• Total Amount: €90 billion for Ukraine (2026–2027) approved by the European Parliament on February 11, 2026

• Breakdown: €60 billion for defense procurement, €30 billion for budget support

• Financing: Common EU borrowing backed by the EU budget; repayment required only if Russia pays war reparations

• Status: Hungary blocked the loan in December 2025, but the EU proceeded under enhanced cooperation; formal adoption was completed in February 2026