Ukraine to Receive €5.9 Billion for Drones as First Installment of €90 Billion Loan.

Financial Support for Ukraine

According to UATV: Ukraine has received encouraging news regarding financial assistance: the first disbursement from a €90 billion loan is scheduled for June. Out of this amount, €5.9 billion will be allocated specifically for the procurement of drones. The announcement was made on June 8, reaffirming the commitment of international partners to support Ukraine.

The €90 billion loan was approved in April. A payment of €3.2 billion from this facility was already made in May, indicating a gradual rollout of financial aid.

The €90 billion loan for Ukraine is ready to be provided, and the first payment of €5.9 billion will be made this month for drones. When distributing funding, Ukraine's needs are the top priority. — Kaja Kallas, Minister of Defense of Estonia

EU Defense Ministers' Meeting

Notably, an informal meeting of European Union defense ministers recently took place in Nicosia, Republic of Cyprus, where security and defense support for Ukraine were also discussed. This loan represents a significant step in strengthening the country's defense capabilities amid current challenges.

International partners' support for Ukraine, particularly through loans, demonstrates global solidarity in ensuring regional security. The procurement of drones and other advanced technologies can substantially enhance Ukraine's defense capacity against potential threats. This installment is part of a comprehensive strategy aimed at ensuring stability and security in the country.