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EU approves €90-billion Ukraine loan and new Russia sanctions after Hungary lifts veto
- 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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EU Approves Massive Loan Package for Ukraine After Hungary Lifts Veto
·Washington, United States
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In fact, new EU sanctions against Russia should have entered into force already in February. It is now so late - and there is further good news for Ukraine.
"Russia's war economy is under increasing pressure, while Ukraine has major support," said EU chief of diplomacy Kaja Kallas.
·Paris, France
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Total News Sources273
Leaning Left58Leaning Right34Center56Last UpdatedBias Distribution39% Left
Bias Distribution
- 39% of the sources lean Left
39% Left
L 39%
C 38%
R 23%
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