Finance
EU Expects Positive Decisions on 90 Billion Euro Loan to Ukraine on Wednesday
Published by Global Banking & Finance Review®
Posted on April 21, 2026
2 min readLast updated: April 21, 2026
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EU foreign policy chief Kaja Kallas expects EU ambassadors to approve a previously agreed €90 billion loan to Ukraine on Wednesday, as Hungary’s electoral defeat may remove a key veto. Ukraine urgently needs the funds to sustain its war effort.
EU Set for Positive Decision on 90 Billion Euro Ukraine Loan This Wednesday
EU Ministers Anticipate Approval of Major Ukraine Loan
Background and Context
LUXEMBOURG, April 21 (Reuters) - The European Union's foreign policy chief Kaja Kallas said she expected "positive decisions" on the 90 billion euro ($105.94 billion) loan for Ukraine to be made on Wednesday.
This month's electoral defeat of Hungary's Prime Minister Viktor Orban, Ukraine's harshest EU foe, could pave the way for the loan that Kyiv urgently needs to fund the war with Russia. The loan was originally agreed upon by all EU member states in December.
Statements from EU Leaders
Kaja Kallas' Remarks
"We expect some positive decisions tomorrow on the 90 billion loan," Kallas told reporters on Tuesday, as EU foreign ministers gathered to meet in Luxembourg.
"Ukraine really needs this loan and it's also a sign that Russia cannot outlast Ukraine. This is extremely important at this moment," she added.
Support from Irish Foreign Minister
That view was echoed by Irish foreign minister Helen McEntee.
"It's really important as an EU that we make progress on the 90 billion euro loan, that we make progress on the 20th package of sanctions and that we're able to exert as much pressure as possible on Russia," she said.
"I was in Ukraine with a number of colleagues in recent weeks and what's very clear is that we are at that breaking point where that loan is absolutely essential," added McEntee.
Additional Information
($1 = 0.8495 euros)
(Reporting by Lili Bayer, Inti Landauro, Sudip Kar-Gupta, Editing by William Maclean)
Key Takeaways
- •The €90 billion Ukraine loan was agreed by all EU member states in December but remained stalled due to Hungary’s veto tied to oil transit disputes (apnews.com).
- •Hungary’s Prime Minister Viktor Orban lost April 12 elections, raising hopes the veto will be lifted and allowing the loan to move forward (apnews.com).
- •EU ambassadors are scheduled to decide on the loan on Wednesday, with approval contingent on the resumption of oil flows via the Druzhba pipeline—a condition tied to Orban’s veto (kyivpost.com).
References
Frequently Asked Questions about EU expects positive decisions on 90 billion euro loan to Ukraine on Wednesday
1What is the amount of the loan the EU plans to approve for Ukraine?
The European Union is expected to approve a 90 billion euro loan for Ukraine.
2Why is the 90 billion euro loan important for Ukraine?
Ukraine urgently needs the loan to fund its war with Russia and continue its resistance.
3When is the EU expected to make a decision on the Ukraine loan?
The EU is expected to make a positive decision on the 90 billion euro loan on Wednesday.
4Who echoed the importance of the EU loan to Ukraine?
Irish foreign minister Helen McEntee echoed the importance of the loan for Ukraine's war efforts.