EU approves a $106B loan package to help Ukraine after Hungary lifts its veto
Summary
The European Union approved a €90 billion ($106 billion) loan package to support Ukraine's economic and military needs for two years. This decision came after Hungary and Slovakia ended their veto by allowing oil deliveries to resume through a key pipeline. The EU also introduced new sanctions against Russia related to the ongoing war in Ukraine.Key Facts
- The EU approved a €90 billion loan package to help Ukraine.
- The loan will fund Ukraine's economy and military for two years.
- Hungary and Slovakia had blocked the loan due to stopped oil deliveries.
- Oil deliveries through a major pipeline to Hungary and Slovakia have now resumed.
- Ukrainian officials say Russian drone attacks caused damage that stopped oil supply.
- The EU also issued new sanctions against Russia because of the war in Ukraine.
- The sanctions were planned earlier but delayed due to opposition from Hungary and Slovakia.
- The package and sanctions aim to support Ukraine amid its conflict with Russia.
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