E.U. Approves €90Bn Loan For Ukraine And New Sanctions for Russia

EUROPE – European Union Ambassadors approved the disbursement of a promised 90 billion euro loan to Ukraine, as well as a new package of sanctions against Russia.

The approval comes after Hungary lifted its veto.

The European Union’s 27 member states are now expected to sign off on the deal by Thursday afternoon.

The E.U. agreed last year on the loan to keep Ukraine liquid through 2026 and 2027.

But Hungary refused to sign off on the deal as Russia-friendly prime minister Viktor Orban accused Ukraine of sabotaging the transit of Russian oil through a pipeline damaged by Russian attacks.