Statement by President von der Leyen with President Costa and President Zelenskyy

Today is a good day - for Ukraine and for Europe. You might recall, Volodymyr, that when I visited Kyiv in February this year, I said we will deliver on the EUR 90 billion loan one way or the other. Today, we deliver on this promise. Most of the preparatory work has already been done to implement the EUR 90 billion loan. I think it is possible to disburse the first tranche of EUR 45 billion, which are assigned for 2026, still this quarter. We have agreed that one-third of the loan goes to budgetary needs and two-thirds go into defence. The first package will be a drones package - drones from Ukraine, for Ukraine.

Today we also agreed on the 20th sanctions package. So in other words: the more Russia doubles down on its war of aggression, the more Europe doubles down on supporting Ukraine. That is important for us. Because we are clear about standing by your side and by the side of the Ukrainian people. Today is a good day.

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