EU ambassadors approve €90 billion loan for Ukraine and 20th package of sanctions against Russia
EU ambassadors initiated the formal approval process for a €90 billion ($106 billion) loan for Ukraine and a 20th sanctions package against Russia following the restoration of regional oil transit, Radio Liberty journalist Rikard Jozwiak and European Pravda reported.
European Union envoy moved forward on Wednesday with a written procedure to finalize the loan for Ukraine, marking the final technical step in securing the multi-year financial aid package. The Committee of Permanent Representatives (Coreper) added the loan to its agenda without discussion, signaling a consensus among the 27 member states.
The breakthrough comes after months of friction involving Hungary and Slovakia. Both nations had previously stalled the financial aid and the latest round of sanctions, citing concerns over the suspension of oil transit through the Druzhba pipeline. Slovakia's Ministry of Economy confirmed that oil began flowing again on the morning of April 22, with regular supplies expected to resume the following day.
The written procedure typically lasts 24 hours. During this window, all member states must sign the document or provide a formal justification for a refusal. Final adoption is expected shortly after the signing process concludes.
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