Zelensky to join European leaders in Cyprus as EU unblocks €90bn Ukraine loan
Summary
Ukrainian President Volodymyr Zelensky will meet European Union leaders in Cyprus as the EU prepares to release a €90 billion loan to Ukraine. The loan was delayed due to Hungary's veto, which was lifted after Ukraine repaired a pipeline damaged by a Russian strike.Key Facts
- The EU plans to approve a €90 billion loan to support Ukraine.
- Hungary's prime minister, Viktor Orban, blocked the loan until a pipeline damaged by Russia was fixed.
- After Orban lost recent elections to pro-EU Peter Magyar, the pipeline repair was completed and oil flows resumed.
- Orban will step down next month and will not attend the Cyprus meetings.
- Zelensky's visit to Cyprus symbolizes EU support for Ukraine against Russia.
- EU leaders will also discuss the Middle East conflict and its impact on energy prices.
- Regional leaders from Lebanon, Egypt, Syria, and Jordan will join talks on the Middle East situation.
- The EU’s future budget for 2028-2034, possibly around two trillion euros, will be discussed amid financial constraints.
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