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The Guardian - UK
The Guardian - UK
World
Jon Henley Europe correspondent

EU agrees to unblock €90bn loan for Ukraine after Hungary lifts veto

Volodymyr Zelenskyy speaking in front of Ukrainian flags
Volodymyr Zelenskyy has welcomed news of the agreement for the loan as ‘the right signal under the current circumstances’. Photograph: Global Images Ukraine/Getty Images

EU member states have reached agreement on unblocking an urgently needed €90bn (£78bn) loan for Kyiv and a new package of sanctions against Moscow after Ukraine resumed pumping Russian oil to Hungary and Slovakia, prompting Budapest to lift its veto.

Cyprus, which holds the bloc’s rotating presidency, said member states’ ambassadors had agreed to launch “written procedures” for the final approval of the loan and the sanctions package, with formal signoff on both due by Thursday afternoon.

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