World Europe Politics

EU unblocks €90B loan to Ukraine

EU unblocks €90B loan to Ukraine

The loan is seen as vital support for Kyiv as it continues to defend against the Russian invasion.

The shift in Hungary's position follows the recent electoral defeat of pro-Russian Prime Minister Viktor Orbán.

EU ambassadors in Brussels have given preliminary approval to the funding, which will be paired with new sanctions on Moscow.

Ukrainian President Volodymyr Zelensky hailed the decision, stating that the country's frontline position is currently the strongest it has been in a year.

European Union S. Solberg J., Kolja21, Masterdeis/ derivative work: Kolja21, CC BY-SA 3.0
European Union
Political and economic union of 27 European states
Ukraine
Country in Eastern Europe
Volodymyr Zelenskyy
President of Ukraine since 2019
Hungary
Country in Central Europe
Druzhba pipeline
Oil pipeline in Austria, Belarus, Czech Republic, Germany, Hungary, Poland, Russia, Slovakia, Ukraine