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EU Approves €90 Billion Ukraine Loan, Sanctions Russia

4/23/2026

Summary

Story summary

The European Union member states unblocked a €90 billion Ukraine loan and sanctions on Russia after Hungary lifted its veto, following Ukraine resuming oil pumping to Hungary and Slovakia.
The loan comprises two €45 billion, interest-free tranches to support Ukraine in 2026–2027.
The sanctions target Russia’s oil exports and include asset freezes and travel bans on over 120 individuals and entities.
Germany's government says oil-flow disruptions won't hit refineries.

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Story summary

The European Union member states unblocked a €90 billion Ukraine loan and sanctions on Russia after Hungary lifted its veto, following Ukraine resuming oil pumping to Hungary and Slovakia.
The loan comprises two €45 billion, interest-free tranches to support Ukraine in 2026–2027.
The sanctions target Russia’s oil exports and include asset freezes and travel bans on over 120 individuals and entities.
Germany's government says oil-flow disruptions won't hit refineries.