United Kingdom EU’s €90 billion Ukraine support loan

On 22 July, the EU countries approved the United Kingdom’s participation in the Ukraine support loan – the EU’s €90 billion framework to help cover Ukraine’s most urgent needs in 2026 and 2027 as it continues to fight Russia’s war of aggression.

Helen McEntee, Minister for Foreign Affairs and Trade of Ireland, representing the Irish Presidency at the Council of Europe, said that this approval reflected the EU and the UK’s shared commitment to support Ukraine “as long as it takes to bring Russia’s illegal war of aggression to an end and secure a comprehensive, just and lasting peace”. 

“The UK’s participation in the Ukraine support loan will allow Ukraine to also procure from UK defence manufacturers, ensuring Ukraine has the capabilities needed to protect its citizens,” Helen McEntee added.

The measure means that Ukraine will be able to use loan financing to procure crucial defence products made by UK-based industries, in addition to the existing framework for EU and EEA-EFTA countries and other approved third countries.

Overall, the loan makes €60 billion available for Ukraine to invest in defence industrial capacities, including procurement of defence products. €30 billion is being made available to Ukraine as direct economic and budgetary support.

Ukraine will therefore be able to procure from a larger pool of defence manufacturers, ensuring they have the capabilities needed to withstand Russian aggression. 

The Council will formally adopt the UK’s participation in the coming days by written procedure. The decision will enter into force on the same day as its publication in the EU’s official journal.

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Press release