The European Commission and the Ukrainian authorities signed, on Wednesday 20 May, the memorandum of understanding (MoU) that will amend the European Union’s macrofinancial assistance instrument for Ukraine, the channel used to provide budget support to Kyiv under the EU loan worth €90 billion for 2026 and 2027 (see EUROPE 13855/2).
The memorandum of understanding sets the parameters for EU support, notably the conditions attached to the financial support that Ukraine will have to comply with, including respect for the rule of law and human rights, as well as the fight against corruption. In the budgetary field, according to the Commission, the conditions are structured around three main pillars: revenue mobilisation, public expenditure efficiency and public financial management systems.
In order to receive the first aid tranche of €3.2 billion before the end of June, the Ukrainian authorities will have to take measures aimed at taxing revenue generated by digital platforms, draw up sectoral strategies on public investment and update the Ukrainian Customs Code.
In 2026, Ukraine will receive €45 billion, 60% of which will support Ukraine’s military purchases. (Original version in French by Mathieu Bion)