EU unblocks €90 billion loan to Ukraine

NEWS SUMMARY

The EU has granted preliminary approval for a €90 billion loan to Ukraine, intended to address urgent economic and military needs amidst Russia's invasion. This decision follows Hungary's withdrawal of its veto, influenced by political changes and concerns over oil pipeline deliveries.

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Envoys from EU member states have finally paved the way for a €90 billion loan to Ukraine that had long been blocked by Hungary. They also approved a 20th package of sanctions on Russia over its invasion of its neighbor.

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