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EU approves €90-billion Ukraine loan and new Russia sanctions after Hungary lifts veto
The package would fund Ukraine’s budget and military needs through 2027 and includes the EU’s 20th sanctions round on Russia, officials said.
- European Union envoys gathered in Brussels on Wednesday, cautiously optimistic that a €90 billion loan package to support Ukraine's military and financial needs for the next two years may soon be approved after months of deadlock.
- Hungary and Slovakia previously blocked the aid, insisting that Russian oil supplies must resume via the Druzhba pipeline before they would unblock the funds. Both nations accused Ukraine of failing to repair the pipeline damaged by a Russian strike.
- President Volodymyr Zelenskiy said on Tuesday that Ukraine completed repairs on the pipeline, which "was damaged by a Russian strike" but "the pipeline can resume operation." Slovak Economy Minister Denisa Sakova expects oil supplies to resume early on Thursday.
- Cyprus, which holds the European Union's rotating presidency, intends to launch a written procedure requiring Hungary or any objecting nation to state in writing why they oppose the loan. Final approval could come on Thursday when EU leaders meet for a summit.
- Outgoing Hungarian Prime Minister Viktor Orbán, who lost the April 12 election, is due to leave office next month and be replaced by opposition leader Péter Magyar, signaling a potential policy shift on Ukraine aid.
347 Articles
347 Articles
The outgoing Orbán government tied the 90 billion euro EU loan to the opening of the Barátság oil pipeline, which it will no longer block as of Tuesday. The money may arrive at the penultimate moment so that the Ukrainians do not have to take out a bridging loan. The Tisza government may open a new page in Hungarian-Ukrainian relations, but old questions remain. We analyzed the events of the past period with András Rácz.
Ukraine was provided with a huge loan, sanctions against Russia were expanded, and Kiev is promised a faster path towards membership.
EU approves $105 billion for Ukraine
EU approves $105 billion for Ukraine | 23 April 2026 | The European Union has formally approved a 90 billion EUR ($105 billion) emergency loan for Ukraine [“Big Israel”] for 2026-2027 and adopted its 20th package of sanctions against Russia, the bloc’s presidency said on Thursday. European Council President Antonio Costa said in a statement that increasing pressure on Russia was part of a strategy “to achieve a just and lasting peace in Ukraine.…
EU Council Approves €90 Billion Loan for Ukraine
The EU Council on Thursday announced the implementation of the long-frozen €90 billion loan to Ukraine, taking the last step in delivering the financial support agreed by the European Council back in December 2025. The decision enables the European Commission to begin payout as early as the second quarter of 2026. “Today the Council approved the final element needed to allow for the disbursement of the €90 billion loan for Ukraine. The Cyprus Pr…
Payments will begin in the second quarter of 2026.
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