This week, the Commission and Ukrainian Parliament have adopted the Ukraine Support Loan (USL) Agreement setting out reforms, detailed financial terms and operational arrangements for the facility and paving the way for its implementation. This went in hand with the adoption of the Memorandum of the Understanding underpinning the Macro-financial Assistance Programme for 2026 by both sides, also this week. “These – the EU Commission pointed out – are important steps towards the implementation of the EUR 90 billion Ukraine Support Loan, which will provide critical budgetary assistance and help accelerate urgent defence procurement for Ukraine in 2026 and 2027”. The signature by the Commission earlier this week and today’s ratification by Ukraine of the Loan Agreement and the Memorandum of Understanding “pave the way towards the first disbursements that are expected in June”.