Ukraine is expected to receive the first payment from the EU’s overall €90 billion loan package, with the initial funds tied to the loan’s military component. Reporting says the first tranche is about €6 billion and should be transferred no later than June, though the exact date depends on completing several prerequisite steps.

One required step is opening a special bank account in the EU, specifically at Deutsche Bundesbank. Coverage says this process is being accelerated after agreement between Ukraine and Germany. Ukraine must also grant the EU monitoring rights over spending from that account.

The EU’s approach, as described in the coverage, allows Ukraine to place orders and sign contracts for weapons using loan funds, including paying for military orders made since the start of the year, rather than requiring the spending to occur only after funds arrive.

It is also reported that the first defence tranche will be used for drones produced in Ukraine. Future disbursements from the military portion are expected to move faster, with later packages potentially covering items such as ammunition, drones, and air-defence systems, while noting that—unlike the “financial” component—no specific conditions are attached to receiving the defence funds.