EU approves huge new loan for Ukraine, just days after objector Orban's defeat in Hungary

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An older blonde-haired woman in an orange blazer and collared shirt stands behind a podium, with a backdrop that says 'Support for Ukraine.'https://i.cbc.ca/ais/e6e3469b-0d49-47d2-a5e4-618a4198cbba,1776860001086/full/max/0/default.jpg?im=Crop%2Crect%3D%280%2C0%2C4655%2C2618%29%3BResize%3D%28620%29" title="European Commission President Ursula von der Leyen holds a press conference to present the loan to support Ukraine's financial needs for 2026 and 2027 in Brussels, Belgium January 14, 2026." width="620" />

European Union ambassadors approved on Wednesday the disbursement of a promised 90 billion euro ($144 billion Cdn) loan to Ukraine as well as a ‌new package of sanctions against Russia, after Hungary lifted its veto, the bloc's Cypriot presidency said.

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