On 25 June 2026, at the Ukraine Recovery Conference, European Commission President Ursula von der Leyen announced the disbursement of €3.2 billion to Ukraine as the first instalment of a new macro-financial assistance (MFA) package under the €90 billion Ukraine Support Loan (USL). The MFA is part of a broader support framework that includes both budget support and defence-related funding, with a total of €45 billion expected to be made available in 2026. The first instalment of a €6 billion defence package to support drone procurement is also set to be disbursed in the coming days.
The €3.2 billion disbursement is the first of three MFA payments planned for 2026, totalling €8.35 billion. It follows the adoption of Regulation (EU) 2026/467 in February 2026, which established the USL, and the Council's Implementing Decision of 23 April 2026, which allocated up to €45 billion for 2026, split between €16.7 billion in budget support and €28.3 billion for defence industrial capacities. The budget support component is equally divided between a top-up to the Ukraine Facility and the new MFA operation, each up to €8.35 billion.
Ukraine fulfilled seven policy conditions for the first MFA instalment, including extending the military levy, submitting draft legislation on taxing digital platform income and removing VAT exemptions on low-value imported parcels, and advancing reforms in public investment management, customs alignment with EU law, and medium-term public financial management. A second MFA instalment of €3.7 billion is expected in September 2026, and a third of €1.45 billion before year-end, subject to continued fulfilment of conditions.
Under the defence leg, €28.3 billion is allocated for 2026, with the first €6 billion tranche supporting drone procurement from Ukraine for Ukraine. Further budget support disbursements are anticipated through a top-up of the Ukraine Facility, pending Council approval of amendments to the Ukraine Plan and subsequent policy condition fulfilment. The next Ukraine Facility disbursement is expected in September 2026.
Since the start of Russia's full-scale invasion, the EU and its Member States have provided €211.3 billion in overall support to Ukraine, including €3.8 billion from proceeds of immobilised Russian assets. Commissioner for Economy Valdis Dombrovskis stated that the disbursement demonstrates the EU's concrete and strategic support, while President von der Leyen emphasised that the €90 billion loan over two years is "solidarity in action."