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.
335 Articles
335 Articles
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.…
Payments will begin in the second quarter of 2026.
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.
Ukraine gets EU cash boost — yet far more help needed to sustain war effort
The European Union has approved a 90-billion-euro loan to Ukraine, providing essential funds that help avoid drastic cuts to public services. However, Ukraine may need additional funds to meet its military expenses for the year, as the country faces a significant budget deficit of approximately 1.9 trillion hryvnias ($43 billion) in 2026. Economists believe that […] The post Ukraine gets EU cash boost — yet far more help needed to sustain war ef…
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