EU gives preliminary approval to unblock 90-bn-euro Ukraine loan
Summary
European Union (EU) member countries have given preliminary approval to release a 90-billion-euro loan to Ukraine. The final approval depends on Hungary confirming the decision within 24 hours, following a dispute over oil supplies through the Druzhba pipeline.Key Facts
- The EU agreed to unlock a 90-billion-euro loan for Ukraine on April 22, 2026.
- Hungary had delayed the loan approval due to issues related to oil delivery via the Druzhba pipeline.
- Ukraine repaired the Druzhba pipeline after a months-long conflict over oil supplies.
- Hungary now has 24 hours to give final approval for the loan release.
- Cyprus, holding the EU presidency, announced the start of a written process for final loan approval.
- The 27 EU member states have all agreed on the preliminary decision.
- The loan aims to support Ukraine’s financial needs amid ongoing challenges.
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