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EU approves €90-billion Ukraine loan and new Russia sanctions after Hungary lifts veto
The package also unblocks a 20th sanctions round against Russia after Budapest dropped its objection tied to oil flows through the Druzhba pipeline.
- 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.
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220 Articles
220 Articles
The loan must finance, in the period 2026-2027, the cost of the war with Russia
·São Paulo, Brazil
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Russian oil will reach Hungary and Slovakia again after a few months, Ukrainian officials confirmed. EU loan of 90 billion euros approved to Ukraine.
·Belgrade, Serbia
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The first ok comes at the turn of the after-Orban. And the Druzhba pipeline (ANSA) starts again
·Italy
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Total News Sources220
Leaning Left47Leaning Right27Center43Last UpdatedBias Distribution40% Left
Bias Distribution
- 40% of the sources lean Left
40% Left
L 40%
C 37%
R 23%
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