Ukraine could receive the first tranche of a new large EU loan as early as June, with €5.9 billion expected to be directed toward drones, EU foreign policy chief Kaja Kallas said.

Kallas told journalists in Cyprus, where EU defense ministers are holding an informal meeting, that the overall credit support package amounts to $90 billion and that the mechanism is already ready to be launched.

The European Union is also preparing to expand its sanctions list against Russia. According to Kallas, her services have proposed adding more than 80 entries to the next package ahead of a Foreign Affairs Council meeting scheduled for next week.

Part of the proposed restrictions is expected to target Russia’s military-industrial complex, Kallas said. She did not provide further details on the measures under consideration.

The EU foreign policy chief also addressed the possibility of easing sanctions and unfreezing Russian assets in the future. She said any such decisions would have to take the European Union’s key security interests into account.

Kallas added that EU countries have already discussed their own positions and interests in the event of possible talks on settling the conflict in Ukraine.

Russia has repeatedly said it can withstand the sanctions pressure that unfriendly states began applying several years ago and continue to intensify. In the West, assessments have also been voiced more than once that the restrictive measures have proved ineffective.