EU says Ukraine yet to meet conditions for first loan disbursement
The European Commission has said Ukraine has not yet met all conditions required for the first disbursement under a €90 billion European Union loan programme.
Speaking at a press briefing on Monday, June 1, European Commission spokesperson Markus Lammert said further steps were needed before funds could be released.
“There are still some technical and procedural steps to be completed on the Ukrainian side. And for us, what remains to be done is to verify if the conditions linked to the first disbursement under the macrofinancial assistance programme for Ukraine are met or not met,” Lammert admitted.
The loan agreement followed a diplomatic breakthrough in late April, when Slovakia and Hungary eased opposition to key EU measures supporting Ukraine. Hungary had previously blocked the package under former Prime Minister Viktor Orban amid disagreements linked to the Druzhba pipeline.
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