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EU Backs €90 Billion Ukraine Loan as NATO Allies Expand U.S.-Weapons Purchases

Parliament’s approval clears the way for sustained financing of Ukraine’s defense through 2027.

Overview

  • The European Parliament approved a €90 billion loan for 2026–27, allocating €60 billion for military procurement and €30 billion for budget support, with formal EU Council sign-off still required.
  • The U.K. committed £150 million to NATO’s Prioritised Ukraine Requirements List, and new pledges are expected at the Feb. 12 defense ministerial in Brussels.
  • A NATO official said reported January shortfalls of Patriot interceptors stemmed from logistics rather than funding delays, adding that PURL deliveries move as fast as U.S. supply chains allow.
  • EU foreign policy chief Kaja Kallas said two sites in Ukraine have been identified for potential troop training as part of future security guarantees.
  • NHK reported Japan would join PURL to fund non-lethal equipment, but Chief Cabinet Secretary Minoru Kihara said no agreement with NATO has been reached.