Ukraine To Use EU Loan For Defense Production
The National Bank of Ukraine reported record gold and foreign exchange reserves despite the ongoing war. This figure represents a milestone for the nation's financial stability. These reserves are supported by assistance from international organizations and governments from over 60 countries within the Ukraine Support Coalition. The funds allow the country to maintain a relatively controlled exchange rate despite ongoing war conditions. The reserves are being used to mitigate the economic consequences of attacks on national infrastructure. Ukraine will utilize portions of the frozen 90 billion euro EU loan to develop domestic defense capabilities. For 2026, the allocated amount is 45 billion euros. These funds will target the production of drones, military technology, and energy sectors. The goal is to bolster local defense and support EU integration.
Topics
Developing
- 862d Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore.
- 862d Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
- 862d Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est.
- 862d Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium.
Sources · 7 independent
“У нас зараз, не дивлячись на війну, у Національного банку України рекордні золотоволютні резерви. Станом на останній дані, це 31 березня цього року, у нас 52 мільярди з хвостиком доларів золотоволютних резервів.”
“рекордні валютні резерви для порівняння. Я вам назву, щоб ми розуміли усе.”
“рекордні валютні резерви для порівняння.”
“Thanks to their support and assistance, we have these huge gold and foreign exchange reserves, which allow us to maintain a relatively controlled rate, as for war conditions.”
“additional 19 billion euros for Ukraine, Crimea these 90s, which are already approved.”
“additional 19 billion euros for Ukraine... part of this tranche will go to replenish gold and foreign exchange reserves, which will give our National Bank of Ukraine even more opportunities to support the hryvnia exchange rate.”
“additional 19 billion euros for Ukraine... part of this tranche will go to replenish gold and foreign exchange reserves.”
“He explained that the 45 billion euro quota for 2026 from the EU loan will be used to develop Ukraine's domestic defense weapon production, including drones and military technology.”
“他稱該筆貸款 2026年的額度為450億歐元 將分多筆剝夫 手筆資金將全部用於發展烏克蘭本土防禦武器的生產”
“He clarified that the 2026 quota for the 90 billion euro EU loan will be 45 billion euros, to be released in multiple installments. The funds will be used for domestic defense weapon production, including drones and military technology.”
“He explicitly stated that Ukraine will continue to provide support in the security field to Moldova... the 45 billion euro quota for 2026 will be used entirely for the development of Ukraine's domestic defense weapon production.”
Unlock the full story
Get a Pro subscription or above to see the live story progression and the full list of independent sources confirming each event as they happen.
Log in to upgrade