EU set to sign off €90bn loan for Ukraine and fresh Russia sanctions – Europe live
Summary
The European Union is set to approve a €90 billion loan to Ukraine and a new set of sanctions against Russia after Hungary and Slovakia lifted their block on the measures. This decision follows the restart of Russian oil deliveries through the Druzhba pipeline and will be finalized by 1pm Brussels time.Key Facts
- EU leaders are meeting in Cyprus to discuss the Middle East and the EU budget for 2028.
- A €90 billion loan for Ukraine and the 20th package of sanctions against Russia had been delayed for four months due to Hungary’s veto.
- Hungary and Slovakia agreed not to block these measures after Russian oil deliveries resumed through the Druzhba pipeline.
- Slovakia confirmed the oil flow restarted overnight; Hungary is expected to confirm soon.
- Ukrainian President Volodymyr Zelenskyy is expected to attend the EU summit in Cyprus in person.
- Hungarian Prime Minister Viktor Orbán will skip the summit, ending his record as the longest-serving European Council member.
- Poland’s Donald Tusk will now hold the record for the longest-serving member of the European Council.
- Other related events include Prince Harry’s visit to Kyiv and EU trade talks in the United States.
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