EU Approves $106 Billion Loan for Ukraine After Hungary Lifts Veto

Apr 24, 2026

73 min

Apr 24, 2026 04:32

EU approves a $106 billion loan package to help Ukraine after Hungary lifts veto

## EU Loan Approval

The European Union has sanctioned a substantial loan package worth €90 billion ($106 billion) to support Ukraine's economic and military needs over the next two years. This decision follows the resumption of oil flow through a critical pipeline to Hungary and Slovakia, which had been disrupted since January.

## Political Context

The loan approval marks the end of a political stalemate, as Hungary and Slovakia had previously blocked the package due to halted oil deliveries. The pipeline disruption was attributed to damage from Russian drone attacks, according to Ukrainian officials. With oil now flowing again, Hungary and Slovakia have lifted their vetoes.

## EU Sanctions on Russia

In addition to the loan, the EU has introduced new sanctions against Russia, targeting over 40 ships involved in illicit oil transport and imposing restrictions on Russian banks and cryptocurrency use. These measures aim to weaken Russia's war efforts by cutting off vital oil revenues.

## Ukraine's Response

Ukrainian President Volodymyr Zelenskyy expressed gratitude for the EU's support, emphasizing the importance of the funds in strengthening Ukraine's military capabilities. The loan is expected to be disbursed in the coming weeks and months, providing crucial aid to Ukraine's war-torn economy.

## Broader Implications

The EU's decision highlights ongoing tensions within the bloc, as unanimous votes are often required for such measures. The situation underscores the challenges of balancing national interests with collective EU actions, especially in the context of geopolitical conflicts.

Read the full story at the source

What you need to know to get Emirates ID?

Leave your details and get a guide as a gift to avoid mistakes

Article contents