Today at the Ukraine Recovery Conference, President Ursula von der Leyen announced the disbursement of €3.2 billion to Ukraine as the first instalment of the new  macro-financial assistance (MFA) . The MFA is a segment of the  Ukraine Support Loan , under which €90 billion are expected to be made available to Ukraine in 2026 and 2027, covering both budget support and defence-related needs. As a country at war, Ukraine's capacity to defend its territory depends on the rapid availability of