Overview
- Parliament ratified the European Commission’s €90 billion support loan on Thursday, approving the documents that set terms for EU financial aid to Kyiv.
- European Commission leaders say the first payment could arrive in mid‑June as officials prepare the initial disbursement.
- The EU funds are conditional on IMF‑backed reforms and an IMF monitoring mission that arrived in Kyiv is conducting the first review of compliance.
- Lawmakers recently failed to pass a key tax on small imported parcels and withdrew other unpopular tax bills, though they did approve a public procurement law tied to a $3.35 billion World Bank loan.
- The package is structured as two €45 billion annual instalments with roughly two‑thirds earmarked for defence, the EU covering interest and repayment linked to possible future Russian reparations, and any delay in reforms could put government payrolls and military spending at risk.