A draft law on macro-financial assistance to Ukraine from the EU was submitted to the Verkhovna Rada
The website of the Verkhovna Rada has published a draft law submitted by President Volodymyr Zelenskyy regarding the ratification of the memorandum with the European Union on providing Ukraine with 90 billion euros in financial assistance.
The draft law No. 0376 is scheduled to be reviewed on May 28 by the Verkhovna Rada Committee on European Integration. After that, the document is planned to be put to a vote in the parliamentary session hall.
At least 226 votes of people's deputies are required to ratify the memorandum.
The draft act was developed to ratify Ukraine's international agreements aimed at creating a legal framework for attracting funds within the total amount of up to 90 billion euros, including macro-financial assistance under the Loan to Support Ukraine.
The Loan Agreement defines detailed technical, financial, and procedural aspects of attracting funds within the total amount of up to 90 billion euros, their allocation to budgetary and defense components, as well as the loan repayment mechanism (exclusively from reparations from the Russian Federation).
The Memorandum of Understanding outlines the general aspects of receiving part of the budget support up to 8.35 billion euros in 2026, including timing, amount, purpose of assistance, as well as conditions for implementing policy measures in three components: mobilization of domestic revenues, sustainability and efficiency of public expenditures, and public financial management systems.
The conclusion and subsequent entry into force of the Loan Agreement and the Memorandum of Understanding after their ratification will allow Ukraine in 2026–2027 to attract up to 90 billion euros in financial resources from the European Union to support the state budget and strengthen defense potential.
In particular, within the framework of the Memorandum of Understanding, the volume of macro-financial assistance will amount to up to 8.35 billion euros.
The basis for receiving assistance is the mentioned Regulation (EU) No. 2026/467 dated 24.02.2026, which introduces enhanced cooperation on launching the Loan to Support Ukraine for 2026–2027 for a total amount of up to 90 billion euros.
Within this instrument, the Council Implementing Decision (EU) No. 2026/919 dated 23.04.2026 approving assistance to Ukraine in implementing the Ukraine Financing Strategy positively assessed the Ukraine Financing Strategy for 2026 and determined the total support amount for 2026 up to 45 billion euros, which is divided into two key components:
- defense part (up to 28.3 billion euros) – aimed at purchasing weapons and strengthening defense-industrial potential;
- budget part (16.7 billion euros) – aimed at ensuring macro-financial stability and covering the state budget deficit.
At the same time, the even distribution of budget part financing is carried out through two instruments:
- up to 8.35 billion euros is provided directly as macro-financial assistance (which is the subject of the mentioned Memorandum);
- up to 8.35 billion euros – additionally through the Ukraine Facility mechanism.
The financial mechanism of the Loan to Support Ukraine instrument is based on the European Commission raising resources on international capital markets. Using the European Union's highest credit rating (AAA) allows attracting financial resources on the most favorable terms. At the same time, the costs of servicing these borrowings (interest) are fully covered by the EU budget, and the repayment of the principal will be made by Ukraine exclusively after receiving reparations from the Russian Federation.
The relevant assistance has the legal status of a long-term concessional loan, but in fact, for the State Budget of Ukraine, it has the character of grant support and will be reflected as state budget revenues.
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