The Verkhovna Rada ratified a loan agreement with the European Union for €90 billion. What obligations did Ukraine take on

The Verkhovna Rada ratified an agreement with the European Union on a €90 billion loan. The Verkhovna Rada also ratified a memorandum of understanding with the EU on the loan. These documents were submitted by President Zelensky in the morning in draft law No. 0376. It was supported by 298 MPs from all factions, no one voted against.

This became known from the billʼs card on the parliamentʼs website.

The memorandum refers to €8.35 billion in macro-financial assistance to Ukraine from the EU — in three tranches.

Among other things, Ukraine has committed to:

• to support effective democratic mechanisms, the independence of the National Bank, and not to cancel measures already taken within the framework of loans from the EU or the International Monetary Fund (IMF);
• abolish tax breaks for international parcels (except for defense goods) and tax income through digital platforms. Extend the 5% military levy for three years, adopt a new Customs Code, and appoint a new permanent head of customs;
• to combat the fragmentation of businesses into individual entrepreneurs (IEPs) who are taxed preferentially;
• introduce different tax rates for individual entrepreneurs of group 3 — depending on the field of activity.

The memorandum with the EU echoes the IMFʼs demands, which require Ukraine to introduce VAT on parcels up to €150 and cancel VAT exemptions for individual entrepreneurs with a turnover exceeding UAH 4 million. As for the requirement on VAT for individual entrepreneurs, the Cabinet of Ministers and IMF agreed to postpone it, and the Verkhovna Rada failed to adopt the law on the parcel tax on May 26.

€90 billion loan from the EU

In December 2025, EU leaders approved a decision to provide Ukraine with a €90 billion loan in 2026-2027. On February 11, the European Parliament supported this decision.

For a long time, Hungary blocked a loan to Ukraine due to the suspension of Russian oil transit through the “Druzhba” oil pipeline. On April 23, the “Druzhba” pipeline resumed its operation, and on the same day, the Council of the European Union approved this loan and the 20th package of sanctions against Russia.

€60 billion of the loan will go to strengthening Ukraineʼs defense, and €30 billion will go to macro-financial assistance and budget support. €45 billion is to be allocated in 2026, and the remaining €45 billion in 2027.

The loan will be repaid with proceeds from frozen Russian assets in European banks.

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