The loan will deliver Ukraine a much-needed financial lifeline, with the country set to run out of money within weeks. The EU funds will stabilise both the country’s military and government.
(April 22): Ukraine will finally start receiving a €90 billion loan from the European Union after Hungary lifted its veto, ending months of wrangling over the vital cash injection for the war-torn country.
EU ambassadors gave preliminary approval for the loan’s disbursement during a meeting on Wednesday, according to the EU’s rotating presidency, held by Cyprus. The move came shortly after Ukraine announced it repaired the Druzhba pipeline and resumed Russian oil flows to Hungary and Slovakia. Ambassadors also approved a fresh package of Russian sanctions at the meeting, which Hungary and Slovakia had separately been blocking over the pipeline spat.
