On Wednesday, ambassadors from EU countries approved the allocation of a promised 90 billion euro ($106 billion) loan to Ukraine, as well as a new package of sanctions against Russia after Hungary withdrew its veto.
“Elchi” reports that the Cypriot presidency of the EU Council informed the Reuters agency about this.
A representative of the Cypriot presidency added that the 27 EU member states are expected to sign the agreement by Thursday afternoon.
Last year, the EU reached an agreement on a loan that would allow Ukraine to remain afloat through 2026 and 2027. However, Hungarian Prime Minister Viktor Orban refused to sign the agreement, accusing Ukraine of sabotaging the transit of Russian oil through a pipeline damaged by Russian attacks.
This dispute also delayed the implementation of new sanctions against Russia. The EU had originally planned to adopt these sanctions on the fourth anniversary of Russia’s full-scale invasion of Ukraine (February 24, 2026).
Ukraine’s chances of receiving the loan increased significantly after Orban lost the parliamentary elections in Hungary on April 12. Although the leader of the winning party, Peter Magyar, is expected to take office next month, he has already declared that he will not block the allocation of EU funds for Kyiv.
Məryəm