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The Independent UK
The Independent UK
National
Samya Kullab

Why the European Union's wartime loan is a vital lifeline for cash-strapped Ukraine

Russia Ukraine War - (Copyright 2026 The Associated Press. All rights reserved.)

Cash-strapped Ukraine has secured a crucial European Union loan that will provide a vital lifeline to sustain its wartime efforts this year.

The 90 billion-euro ($106 billion) package was formally approved on Thursday, days after President Volodymyr Zelenskyy announced that the Ukrainian section of the Druzhba pipeline had been repaired and the flow of oil would resume to Slovakia and Hungary, conditions linked to the release of the funds.

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