EU Unveils €3 Billion Loan to Support Ukraine's Recovery Efforts

WHO:

AP News - Ukrainian Prime Minister Yulia Svyrydenko announced the loan disbursement.

AP News - German Chancellor Friedrich Merz and European Commission President Ursula von der Leyen attended the conference.

AP News - President Volodymyr Zelenskyy was absent from the conference due to a dispute with Polish President Karol Nawrocki.

WHAT:

AP News - The European Union disbursed the first 3 billion-euro ($3.4 billion) tranche of a 90 billion-euro ($101 billion) loan to Ukraine.

AP News - The EU has provided 200 billion euros ($225 billion) in support to Ukraine since the beginning of Russia’s full-scale invasion in February 2022.

AP News - The EU will start paying another 6 billion euros ($6.7 billion) for drone production in the coming days.

AP News - The Ukrainian delegation plans to sign 160 deals totaling over 10 billion euros ($11.2 billion) during the conference.

WHERE:

AP News - The conference took place in Warsaw, Poland.

AP News - European leaders met in Gdansk to discuss investments in Ukraine.

WHEN:

AP News - Ukraine officially started EU membership negotiations on June 15.

WHY:

AP News - The conference serves as a fundraising forum and a message to Russia that Ukraine’s Western supporters are committed long-term.

AP News - Svyrydenko stated that Ukraine is "forced to innovate to survive," highlighting the need for support.

HOW:

AP News - A European equity fund is being established with an initial public package of up to 220 million euros to encourage private investment in Ukraine's economy.

(UPDATED June 26, 2026 06:23 UTC)

In a significant development, Ukrainian Prime Minister Yulia Svyrydenko announced that the European Union has disbursed the first 3 billion-euro tranche of a 90 billion-euro loan to Ukraine during a conference held in Warsaw, Poland. Notably absent from the event was President Volodymyr Zelenskyy, who is currently in a dispute with Polish President Karol Nawrocki, while German Chancellor Friedrich Merz and European Commission President Ursula von der Leyen were in attendance. The conference aims to raise funds and send a strong message to Russia about the long-term commitment of Ukraine's Western supporters, with plans for the Ukrainian delegation to sign 160 deals totaling over 10 billion euros.