OREANDA-NEWS  The European Commission has already started borrowing on financial markets to finance a loan to Ukraine of up to 90 billion euros, according to a document reviewed by RIA Novosti.

According to the EC, after the EU leaders agreed on the loan parameters in December 2025 and approved the legal framework by the Council and the European Parliament in January-February of this year, the European Commission began raising funds on the capital markets in the spring. The first tranche to Ukraine is expected in the second quarter of 2026, approximately in late May or early June.

On April 23, the EU Council finally approved the mechanism of macro-financial support for Kiev, which provides for financing through the issuance of EU debt obligations and a phased transfer of funds to Ukraine.