Ukraine Faces Risk of Tougher EU Loan Terms to Get Aid Payouts

The European Union is considering imposing stricter conditions on its €90 billion ($105 billion) loan to Ukraine, making some of the payouts dependent on the introduction of an unpopular tax change for businesses, according to people familiar with the matter.

The plan being discussed by the European Commission, the EU’s executive arm, would affect €8.4 billion in so-called macro-financial assistance expected to be granted this year under the program, which is essential to keeping Kyiv in the fight against Russia’s full-scale invasion.

The push coincides with Ukraine’s efforts to persuade its other major donor, the International Monetary Fund, to at ...