At the Ukraine Recovery Conference, President Ursula von der Leyen announced the disbursement of €3.2 billion to Ukraine as the first instalment of the new macro-financial assistance (MFA). The MFA is a segment of the Ukraine Support Loan, under which €90 billion are expected to be made available to Ukraine in 2026 and 2027, covering both budget support and defence-related needs. “As a country at war, Ukraine’s capacity to defend its territory depends on the rapid availability of critical products in the required quantities and within very short timeframes”, the Commission explained. The first instalment of the €6 billion defence package to support drone procurement will be disbursed in the coming days. European Commission President Ursula von der Leyen said: “The prosperous Ukraine of tomorrow requires massive investment today. Since the beginning of Russia’s full-scale invasion, the European Union and its Member States have provided more than €200 billion in economic, financial and military support. And with the Ukraine Support Loan, we will provide a further €90 billion over the next two years. Today, we are transferring the first tranche under this loan, €3.2 billion in macro-financial assistance. And we will start paying the first money of the €6 billion for drone production in the coming days. This is solidarity in action”.