The European Union approved the framework for a $106 billion loan to Ukraine. The EU sought a much larger package that would use frozen Russian assets to fund Ukraine, but was unable to reach a consensus.
“I welcome the European Parliament’s speedy adoption of our proposal for an additional €90 billion loan for Ukraine. Ukraine’s courage is unshakable,” European Commission President Ursula von der Leyen wrote on X. “And so is Europe’s resolve to stand by its side. Today and tomorrow! Because a strong Ukraine makes all of Europe safer.”
I welcome the @Europarl_EN speedy adoption of our proposal for an additional €90 billion loan for Ukraine.
Ukraine’s courage is unshakable.
And so is Europe’s resolve to stand by its side.
Today and tomorrow!
Because a strong Ukraine makes all of Europe safer.
— Ursula von der Leyen (@vonderleyen) February 11, 2026
The package is broken into two categories. $35 billion will be for macroeconomic support, and $71 billion will be sent to Kiev as military aid. The assistance package still needs final approval, and the first tranches of aid are expected to be released in the second quarter of this year.
The loan is the result of a years-long debate in the EU about how to fund Ukraine. von der Leyen proposed using $200 billion in Russian assets held by European governments as collateral for a $150 billion loan to Ukraine.
However, several EU members objected to the scheme, including Belgium and Hungary. Brussels argued that using the Russian assets as collateral would interfere with President Donald Trump’s plan to use the frozen funds to rebuild Ukraine post-war.
The total funding is significantly less than the over $150 billion that von der Leyen pushed the EU to approve. The President of the European Commission has said that Kiev will need well over $150 billion in assistance from Europe over the next two years. Ukrainian President Zelensky has argued that Kiev will need at least $60 billion in military support to keep his troops fighting through 2026.
