The European Union announced, through the Cyprus presidency, that its ambassadors approved on Wednesday a huge loan to Ukraine worth 90 billion euros, in addition to a new sanctions package on Russia, after the Hungarian veto was withdrawn. The final decision is expected to be adopted Thursday.
Published on: 04/22/2026 - 17:14 Last updated: 04/22/2026 - 17:16
The Cypriot presidency of the European Union reported that the bloc's ambassadors agreed, on Wednesday, to disburse a loan worth 90 billion euros ($106 billion) allocated to Ukraine, in addition to adopting a new package of sanctions against Russia, after Hungary withdrew from using its veto power.
A spokesman for the Cypriot presidency explained that the 27 member states are expected to sign the agreement by Thursday afternoon.
It should be noted that the European Union approved the loan last year to maintain liquidity in Ukraine during the years 2026 and 2027, but Hungary refused to approve the agreement because Prime Minister Viktor Orban, who is close to Russia, accused Ukraine of obstructing the process of transporting Russian oil through a pipeline damaged in the Russian attacks.
This dispute also led to a delay in imposing new sanctions on Russia that the European Union initially intended to adopt on the occasion of the fourth anniversary of the invasion of Ukraine on February 24, 2022.
This obstacle was finally removed when the Hungarian oil group MOL said on Wednesday that it had been informed that the Ukrainian operator of the Druzhba pipeline was ready to resume transporting crude oil to Hungary and Slovakia.
France 24/Reuters
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