Speaking later, von der Leyen said she thought it would be possible to disburse the first tranche of the €45bn funding planned for 2026 in this quarter, meaning by the end of June. The first payment, she indicated, would fund Ukraine’s domestic drone production – “drones from Ukraine for Ukraine”.



Direct from the EU:
https://www.consilium.europa.eu/en/press/press-releases/2026/04/23/council-finalises-90-billion-support-loan-to-ukraine/
Until then, it’s a donation.