Key facts
- The EU disbursed 4.36 billion euros ($4.91 billion) to Ukraine as part of its 90 billion euro support loan.
- Of the total, 3.7 billion euros was tied to IMF-required reforms and 658 million euros to a defense component.
- The EU laid out plans to disburse 45 billion euros of the loan earmarked for 2027, pegged to reform work.
- Ukraine expects an additional 70 billion euro budget shortfall for 2027.
- Norway pledged $9 billion, the U.K. around $13 billion, and Canada 500 million euros.
The European Union announced on Nov. 5 that it had disbursed an additional 4.36 billion euros ($4.91 billion) in financial support to Ukraine, part of its 90 billion euro ($101 billion) support loan. The payment is the latest tranche unlocked under the facility, which releases funds in exchange for reforms required by the EU and the International Monetary Fund.
Of the amount disbursed, 3.7 billion euros ($4.2 billion) was tied to implementing IMF-required reforms, while the remaining 658 million euros ($739 million) formed part of a separate defense component of the 90 billion euro loan. EU Economy Commissioner Valdis Dombrovskis said Ukraine had demonstrated its continued commitment to EU accession and to strengthening its economic resilience by meeting the conditions agreed with international partners. "The 4.36 billion euros disbursed today under the Ukraine Support Loan reflect that progress," he said, adding that predictable financial support can help keep Ukraine's economy going. Dombrovskis described the support as "an investment in Ukraine's recovery, security and prosperity, and in its future as a member of the European Union."
The disbursement came a day after the publication of an EU progress report on Ukraine's membership process and talks in Brussels about Kyiv's postwar reconstruction. The EU has also set out how it plans to disburse the 45 billion euros ($51 billion) of support loan earmarked for 2027, which will likewise tie payments to ongoing reform work.
Even with that 45 billion euros still to come, Ukraine expects an additional 70 billion euros ($78 billion) shortfall in its budget for 2027. To close the gap, the European Commission is preparing an options paper, and third countries are being urged to make their own pledges to Ukraine. So far, Norway has pledged $9 billion, the U.K. around $13 billion, and Canada 500 million euros ($559 million).