The EU is dangling €500 million long-term loan before Ukraine — contingent on the Zelenskiy government implementing key anti-corruption steps.

The EU is dangling €500 million long-term loan before Ukraine — contingent on the Zelenskiy government implementing key anti-corruption steps. Christian Danielsson, the EU’s director general for European Neighbourhood Policy and Enlargement, told reporters in Kyiv Tuesday these conditions are: adopting a law to fight money laundering, reforming customs and tax administration, checking electronic asset declarations, and implementing an electricity market. President Zelenskiy backs these steps but says he needs a new parliament to implement them. One year ago, the EU approved €1 billion in aid to Ukraine. In December, the first €500 million tranche was released as a loan at 1.25% per annum maturing in 2033.