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European Union ambassadors provisionally approved a long-delayed €90 billion loan for Ukraine on April 22, 2026, after Kyiv said repairs to the Druzhba oil pipeline were completed and Russian crude began transiting again to Hungary and Slovakia.
The decision followed the ousting of Hungary’s Viktor Orbán, who had vetoed the package in February, and a signal from Slovak and Hungarian officials that they would drop opposition once oil flows resumed.
The loan, agreed in December, comprises two interest-free €45 billion tranches for 2026 and 2027, with around €28 billion a year earmarked for defence and €17 billion for general budget needs, and is to be financed by EU borrowing backed by the budget.
Envoys also moved forward on the EU’s 20th sanctions package against Russia, targeting energy, shipping, banks and the shadow fleet and introducing anti-circumvention measures.
EU officials said final sign-off would follow written procedures and that initial loan disbursements could be made in late May or early June, contingent on formal approvals and confirmed oil deliveries.
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🕰️ The Story So Far: An Evolving Timeline
Thursday, April 23, 2026 07:03 UTC
EU unblocks €90bn loan as Druzhba restarts
Wednesday, April 22, 2026 13:52 UTC
Russia to Halt Kazakh Oil Flows via Druzhba
Monday, April 20, 2026 06:32 UTC
EU unblocks €90bn Ukraine loan after pipeline restart

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