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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.
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Lean Left

Ukraine was provided with a huge loan, sanctions against Russia were expanded, and Kiev is promised a faster path towards membership.

Lean Left

Payments will begin in the second quarter of 2026.

Lean Right

Two thirds of this envelope, officially approved this Thursday, will be dedicated to defending the country against Russian aggression. The remainder will contribute to the functioning of the state and the restoration of infrastructure.

·Paris, France
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Index broke the news in Budapest, Hungary on Tuesday, April 21, 2026.
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