The Council of the European Union is scheduled to formally approve a substantial loan package amounting to €90 billion, aimed at addressing Ukraine's financial requirements for the years 2026 and 2027. This approval is anticipated during a General Affairs Council meeting, reinforcing the EU's ongoing support for Ukraine amid its economic challenges. The announcement was made by a senior EU diplomat who disclosed these details under the condition of anonymity.

The legislative package, crucial for Ukraine's economic stability, will be included on the agenda of the General Affairs Council on 24 February, where it is expected to pass without the need for extensive discussion. The decision will necessitate a qualified majority vote among EU member states, indicating a consensus view among key EU nations about the importance of providing financial assistance to Ukraine during this critical period.

Once the approval is obtained, Ukraine will receive these funds in the second quarter of 2026, which will significantly aid its recovery efforts and bolster its economic resilience. The loan is part of the EU's broader strategy to support Ukraine politically and economically, particularly in the wake of ongoing challenges faced by the nation.