The financial situation of Ukraine requires that the disbursement of Union financial assistance take place in the second quarter of 2026 at the latest. To that end, the Commission submitted on 3 December 2025 a package of proposals, including a proposal for a regulation of the European Parliament and of the Council establishing the Reparations Loan to Ukraine and a proposal for a regulation amending Council Regulation (EU, Euratom) 2020/2093. Taken together, those proposals offered two options for addressing Ukraine’s pressing financial needs for the period 2026 to 2027. The proposal to amend Regulation (EU, Euratom) 2020/2093 was made in order to allow the mobilisation of the necessary appropriations in the Union budget for financial assistance to Ukraine over and above the ceilings of the multiannual financial framework set out in that Regulation. Absent that amendment being made, the contingent liabilities arising from the Reparations Loan to Ukraine were to be supported by guarantees to be given by Member States on a voluntary basis.
Text as published in the Official Journal, reproduced verbatim (including any typographical quirks of the source). For the authentic version, see EUR-Lex.
