EU to provide €343m in guarantees and grants for Ukraine's defence sector

Ukraine receives €3.9b under EU defense support program

Ukraine has received 3.9 billion euros from the European Union (EU) as the first loan under a defense support program, the country's finance ministry said Tuesday, reported Xinhua. The financing is part of the initial tranche of the Ukraine Support Loan worth 5.01 billion euros, the ministry said in a statement. These funds will be directed to what is critically important for our resilience today: strengthening Ukrainian drone production, the defense industry, and meeting the needs of the Defense Forces, said Ukrainian Finance Minister Sergii Marchenko. In 2026, Kiev expects to receive 45 billion euros under the Ukraine Support Loan, including 28.3 billion euros for defense.

Ukraine Receives First €3.9B EU Defense Loan Installment

Ukraine has received 3.9 billion from the EU as the first defense payment under the Ukraine Support Loan program. The funds will strengthen Ukraine's defense industry, expand drone production, and support urgent military procurement. The payment is part of a broader 90 billion EU support package for 2026-27, with up to 45 billion expected to be available to Ukraine this year.

G7 Countries Provide Ukraine With $45.5 Billion in Loans Backed by Frozen Russian Assets

Countries of the Group of Seven (G7) have provided Ukraine with a total of 45.5 billion in loans financed through proceeds generated by frozen Russian assets, according to data from Ukraine's Ministry of Finance cited by RIA Novosti. The total reached that level by the end of May. Majority of Funding Arrived in 2025 According to the ministry's figures, Ukraine received 37.9 billion under the program in 2025.

Von der Leyen announces first payment to Ukraine under €90 billion loan

Ukraine has received 3.2 billion as the first disbursement under the European Union's 90 billion support loan, Ursula von der Leyen has announced. The 3.2 billion will help cover Kyiv's budgetary gaps and guarantee financial stability. A second disbursement dedicated to drone production and worth about 6 billion is expected to be unveiled in the coming days.

Wema Bank secures €50m EIB facility to support SMEs

By Henry Obetta Wema Bank has secured a Euro 50 million (N78.5 billion) financing facility from the European Investment Bank’s development arm, EIB Global, to expand access to credit for small and medium-sized enterprises (SMEs), with a strong focus on women- and youth-owned businesses. The agreement, signed in Lagos, marks the first transaction between EIB [] The post Wema Bank secures 50m EIB facility to support SMEs appeared first on Vanguard News.