Ukraine welcomes the positive decision of the EU Council to provide a loan of EUR 90 billion, but emphasizes that these funds do not fully cover its needs. Work on the implementation of the reparations loan should be continued.
The Minister of Finance of Ukraine Serhii Marchenko has stated this, speaking to his colleagues from the G7, the website of the Ministry of Finance reports.
"Financial stability is strategically important in times of war. By strengthening it today, we are bringing a just peace closer. The Reparations Loan is a systemic solution for many years. It will help ensure sustainable defense capabilities and protect Europe from future conflicts," Marchenko said.
"The risks for Europe from a possible defeat of Ukraine far exceed the risks of implementing a reparations mechanism," the minister added.
The event was held online with the participation of finance ministers, central bankers of the G7 member states, the leadership of the IMF and the World Bank, the European Commission and the OECD.
Marchenko noted that the coordinated actions of the G7 countries during 2025 gave Ukraine the opportunity to withstand another difficult year of full-scale war. An important element of financial stability was the ERA loans from the G7 countries at the expense of proceeds from frozen russian assets, which made it possible to maintain macro-financial stability at critical moments.
"The need for external financing for the current year is fully covered," the minister emphasized.
Speaking about the parameters of the state budget for 2026, Marchenko noted that 60% of its expenditures are directed to defense.
"Ukraine strives for peace, but is forced to prepare for a possible continuation of Russian aggression throughout the next year. In this case, maintaining a significant amount of external financing is critically important," the Minister of Finance of Ukraine said.
He also added that Ukraine is actively working to fulfill all the preconditions for the adoption of a new four-year IMF Extended Fund Facility program.
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