EU Council may approve regulations for the use of EUR 90 bln for Ukraine this week - Poroshenko after meeting with Kubilius
The Council of the European Union may approve regulations for the use of EUR 90 billion for Ukraine this week, Ukrainian MP and leader of the European Solidarity party Petro Poroshenko announced after a meeting with EU Commissioner for Defence and Space Andrius Kubilius.
"Thanked for the decision to allocate a EUR 90 billion loan to Ukraine to meet its immediate military needs through a cascade approach (through investments in the Ukrainian defense industry, purchases from European manufacturers, and, if necessary, from American arms manufacturers). I also expressed hope that the EU regulations on the use of the loan will b
e approved by the Council of Permanent Representatives of the EU this week," Poroshenko wrote on Facebook on Tuesday.
He also discussed with Kubilius the security situation in Ukraine and Europe, ways to overcome the critical state of the Ukrainian energy sector as a result of the recent Russian missile attacks, and Ukraine's urgent needs for air and anti-drone defense.
"Emphasized the importance of significantly increasing investment in the defense industry of both Ukraine and European countries. We exchanged views on the substantive content of the 20th EU sanction package against Russia, as well as the special resolution of the European Parliament and statements by the European Commission in connection with the fourth year of the full-scale invasion and the 12th anniversary of the start of Russian aggression against Ukraine," Poroshenko wrote.
As reported, the European Council, at its meeting held on 18-19 December 2025, decided to provide Ukraine with a EUR 90 billion loan for 2026-2027 based on EU borrowing on capital markets, using the "enhanced cooperation" mechanism between EU member states.
On January 20, 2026, the European Parliament also adopted a decision on an accelerated procedure for considering the proposal to provide Ukraine with this loan through EU co-borrowing on capital markets, which will be guaranteed by the so-called "reserve" of the EU budget and proposals to amend the Ukraine Facility. These legislative initiatives will be voted on at the next session of the European Parliament, which will take place from February 9 to February 12.
The following day, January 21, the European Parliament approved the decision of the December European Council to apply the enhanced cooperation procedure between the 24 member states of the European Union, excluding Hungary, the Czech Republic and Slovakia, to provide Ukraine with a loan of EUR 90 billion.
