EU financial support to Ukraine

A comprehensive blend of support

The EU has provided a robust support package to Ukraine, reflecting the complex challenges that the country faces.

This blend of grants, loans, guarantees, budget support and structural initiatives has been essential in maintaining Ukraine’s economic stability and supporting its long-term recovery.

Macro-financial assistance and budget support

In 2023, in order to continue supporting Ukraine, the EU budget enabled €19.5 billion in short-term assistance, including an unprecedented support package of €18 billion in concessional loans. This was on top of the €11.6 billion provided in loans and grants in 2022. Thanks to this, Ukraine has been able to

continue paying wage and pensions
restore critical infrastructure damaged by the war
maintain essential public services such as hospitals, schools, and housing for relocated people
ensure macroeconomic stability

In October 2024, the EU adopted a new financial assistance package. It consists of an exceptional macro-financial assistance (MFA) loan of approximately €18 billion and a loan cooperation mechanism that will support Ukraine in repaying loans provided by the EU and G7 partners for up to €45 billion.

This loan cooperation mechanism is to be financed by extraordinary revenues stemming from immobilised Russian sovereign assets. €18.1 billion of this exceptional MFA has been disbursed to Ukraine so far.

The Commission has proposed two solutions to address Ukraine’s financing needs for 2026 and 2027:

EU borrowing, which would rely on the EU budget
A reparations loan, which would allow the Commission to borrow cash balances from EU financial institutions holding immobilised Russian Central Bank assets

These proposals will be discussed by EU leaders at the next European Council summit on 18-19 December 2025.

The Ukraine Facility

To support Ukraine in its long-term efforts to recover from the war and work towards EU membership, the EU has launched a dedicated financial instrument for the years 2024 to 2027.

The Ukraine Facility enables the EU to provide Ukraine with up to €50 billion in predictable and flexible financial support during this period. We have already mobilised over €34 billion in direct and indirect assistance under the Facility.

Find out more about the Facility

Measures to support the Ukrainian economy

In February 2023, the European Commission and Ukraine signed an agreement for Ukraine to join the Single Market Programme (SMP). This agreement will support Ukrainian businesses by facilitating

access to markets
a favourable business environment
sustainable growth
internationalisation

An updated EU-Ukraine trade agreement entered into force in October 2025. The updated agreement will enhance trade flows, while taking fully into account the sensitivity of certain EU agricultural sectors. It will also contribute to the gradual integration of Ukraine into the EU single market by supporting the country in aligning with EU standards.

Additionally, the EU has suspended safeguard measures for certain imports from Ukraine, such as iron and steel, to support Ukraine’s economy. The suspension will apply for three years.

Established in May 2022, the EU-Ukraine Solidarity Lanes help ensure that Ukraine can continue to export its goods and import the goods it needs to support its economy.

The EU also provides support through guarantees, issued by financial institutions, such as the EIB and EBRD. This will enable the Ukrainian government to provide credit and allows companies to offer vital services.

^{Last updated: 3 December 2025}