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The Times of India
The Times of India
World
TOI World Desk

'Deadlock over': EU unlocks $105bn loan for Ukraine, slaps new sanctions on Russia

The European Union on Thursday gave final approval to a €90 billion ($105 billion) loan for Ukraine and a new round of sanctions against Russia, ending a prolonged standoff that had held up EU support for Kyiv.
The measures were signed off after Hungary and Slovakia dropped their objections following the resumption of oil flows through the damaged Druzhba pipeline, which supplies Russian crude to both countries.
"Deadlock over," EU foreign policy chief Kaja Kallas posted online. "Russia's war economy is under growing strain, while Ukraine is getting a major boost."

Loan details

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