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Zelenskiy submits draft law on ratifying Ukraine-EU loan pact - Headlines news and analysis from Global Banking & Finance Review
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Zelenskiy submits draft law on ratifying Ukraine-EU loan pact

Published by Global Banking & Finance Review

Posted on May 28, 2026

1 min read

· Last updated: May 28, 2026

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Ukraine's draft law on EU loan pact seeks funds of $104 billion

Overview of Ukraine's Loan Agreement with the European Union

Submission of Draft Law

May 28 (Reuters) - Ukrainian President Volodymyr Zelenskiy has submitted a draft law on ratification of a loan agreement with the European Union, a document posted on parliament's website showed on Thursday.

Financial Framework and Details

Total Funds Sought

The draft sets out a framework for Ukraine to attract total funds of 90 billion euro ($104 billion), according to an accompanying explanatory note.

Currency Exchange Rate

($1=0.8619 euros)

Reporting and Editorial Credits

(Reporting by Jekaterīna Golubkova in Tokyo; Editing by Clarence Fernandez)

Key Takeaways

  • The draft law ratifies a €90 billion EU support loan agreed by the European Council in December 2025, financed via EU borrowing backed by the budget, excluding Hungary, Slovakia and Czechia. (consilium.europa.eu)
  • The EU formally approved disbursement of the loan in April 2026, with half to be released in 2026 and the remainder in 2027; funds are earmarked for military needs and general budget support. (investing.com)
  • Ukraine risked running out of funds by June 2026 without this support; the package is essential to maintain public services, enhance resilience and strengthen defence capabilities. (investing.com)

References

Frequently Asked Questions

Who submitted the draft law on Ukraine-EU loan ratification?
Ukrainian President Volodymyr Zelenskiy submitted the draft law.
What is the purpose of the submitted draft law?
The draft law aims to ratify a loan agreement between Ukraine and the European Union.
Where was the information about the draft law posted?
The information was posted on the Ukrainian parliament's website.
What is the date of the article about the Ukraine-EU loan pact?
The article was published on May 28.

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