EU Approves €90 Billion Loan for Ukraine and New Sanctions Against Russia
EU set to sign off €90bn loan for Ukraine and fresh Russia sanctions – Europe live
The Guardian
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EU leaders are set to finalize a €90 billion loan for Ukraine and a 20th sanctions package against Russia during their meeting in Cyprus. This decision follows a political agreement after delays caused by Hungary, with the resumption of Russian oil deliveries through the Druzhba pipeline playing a key role.
- 01EU leaders are meeting in Cyprus to finalize a €90 billion loan for Ukraine.
- 02The 20th package of sanctions against Russia is also set to be approved.
- 03Delays were caused by Hungary's Prime Minister Viktor Orbán, who will skip the summit.
- 04Ukraine's President Volodymyr Zelenskyy is expected to attend the meeting.
- 05Russian oil deliveries through the Druzhba pipeline have resumed, easing Hungary's objections.
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European Union leaders are convening in Cyprus to finalize a significant €90 billion loan for Ukraine and approve a 20th sanctions package against Russia. This decision comes after a political agreement was reached, ending a four-month delay largely attributed to Hungary's Prime Minister Viktor Orbán. Reports indicate that Hungary and Slovakia will no longer block these measures, contingent upon the resumption of Russian oil deliveries through the Druzhba pipeline, which Slovakia confirmed has restarted overnight. Ukraine's President Volodymyr Zelenskyy is expected to be present at the summit, marking this important milestone. Notably, Orbán will not attend, losing his title as the longest-serving member of the European Council to Poland's Donald Tusk. The meeting will also address other regional issues, including developments in the Middle East.
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The approval of the loan and sanctions is crucial for Ukraine's economic stability and ongoing defense efforts against Russia.
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