EU Mission Discuss Oversight of Ukraine Support Loan Funds

Ukraine’s Defense Ministry discussed with a visiting European Union delegation how spending under the EU’s €90 billion Ukraine Support Loan is monitored, including through competitive tenders, electronic procurement platforms and audits.Deputy Defense Minister Mstyslav Banyk said the ministry is updating defense procurement legislation to reflect wartime conditions and EU recommendations. It also plans to move purchases to competitive procedures and shift tenders to electronic platforms to reduce the human factor.JOIN US ON TELEGRAMFollow our coverage of the war on the @Kyivpost_official.The Defense Procurement Agency is strengthening controls at all stages of procurement, conducting audits and carrying out risk-based checks on contractors, its acting director, Artem Romaniukov, said.The agency is also cooperating with anti-corruption bodies to ensure international funds are used transparently.The ministry said competition in defense procurement is growing, some tenders have been completed and deliveries to the military have begun. European defense companies have also taken part in competitive tenders announced by the agency in 2026.Ukraine’s government approved a procedure in June for using the loan’s defense funds, which provides for monitoring, audits and reporting in line with EU requirements. Procurement must follow a list of defense products assessed positively by the European Commission, which also has access to information on the relevant accounts. Other Topics of Interest Serbia’s Vucic Loses Vote, Predicts Sanctions on Russia Serbia’s student-backed opposition is projected to win a majority, but its pre-election platform opposed sanctions against Russia. The European delegation, led by European Commission Directorate-General for Defense Industry and Space Deputy Director-General Herald Ruijters, also discussed Ukraine’s defense funding needs for 2027 and priorities for international support.These include unmanned systems, particularly Ukrainian-made FPV drones, mid-range strike weapons and deep-strike capabilities. The sides also discussed cooperation under the EU-Ukraine Defense Industrial Pact, the Drone Deal initiative and the creation of joint ventures between Ukrainian and European companies.The Ukraine Support Loan is a €90 billion loan taken by the EU and its member states to cover Ukraine’s budget and defense needs in 2026 and 2027.Ukraine has received almost €16 billion under the loan so far, Ukrinform reported. It said the latest tranche, €2.86 billion, arrived in mid-October. Anastasiia Bzova is journalist covering politics, culture and current affairs. She focuses on delivering accurate, accessible reporting that helps readers understand the issues shaping their opinions.