The European Parliament has approved plans for a new loan to Ukraine.Image: shutterstock.com
Feb 11, 2026, 1:19 p.mFeb 11, 2026, 1:19 p.m
The European Parliament has approved plans for a new billion-dollar loan to Ukraine. It plans to make up to 90 billion euros available to the country attacked by Russia over two years.
60 billion of this is earmarked for defense-related spending.
In order for the first funds to be paid out, all that remains is the approval of the Council of Member States. This is considered a formality because the governments have already agreed on the terms of the loan.
The decision stipulates that Ukraine can only use the money to buy military equipment in countries such as the USA if they are either not available at all or not available in a timely manner on the European internal market and in Ukraine. A special regulation is planned for the non-EU country Great Britain.
Procurement Agreement
There had been intensive discussions among the member states about how strict guidelines should be for the use of the money. As a compromise, the states agreed to tie the so-called Buy European clause for the loan to the availability of weapons and ammunition in the EU.
This means that the money could also be used, for example, for US Patriot anti-aircraft missile systems, which are currently considered irreplaceable in air defense. In addition, procurement should also be possible in countries with special partnership status if they contribute to the costs of the new Ukraine loan. This clause was specifically created for Great Britain.
Refund only if compensation is provided by Russia
The money for the loan should be raised on the capital market at favorable conditions. Ukraine should only have to pay it back if Russia pays compensation for the damage caused after its war of aggression ends. There are also plans to use frozen Russian assets in the EU for repayment if Moscow does not pay compensation for war damage. (sda/dpa)