Photo: EPA
Decision to release funds was presented on January 14
The European Parliament on Wednesday approved a decision by the EU Council to use the enhanced cooperation procedure to provide Ukraine with a €90 billion loan, according to a statement from the Parliament’s press service.
The decision was backed by 499 votes in favor, with 135 against and 24 abstentions. On Tuesday, MEPs agreed to fast-track work on the loan and related proposals, which now need to be negotiated between the Parliament and the Council under the ordinary legislative procedure.
The European Parliament recalled that the EU loan for Ukraine was agreed at the European Council summit in Brussels on December 18, 2025, and formally presented by the European Commission on January 14. As the Czech Republic, Hungary, and Slovakia chose not to support the loan, the agreement was concluded using the enhanced cooperation mechanism, which allows willing EU member states to move forward together in specific areas. Under EU treaties, this procedure requires the consent of the European Parliament.
EU leaders previously agreed to provide Ukraine with a €90 billion loan funded through joint borrowing, after Belgium and several other countries blocked a separate plan to use frozen Russian assets.
