Story perspectives

EU Approves €90 Billion Ukraine Loan After Veto Lifted

4/24/2026

Summary

Story summary

EU ambassadors approved a €90 billion loan for Ukraine after Hungary and Slovakia lifted their veto when the Druzhba pipeline resumed Russian oil deliveries.
The loan consists of two interest-free €45 billion tranches for 2026 and 2027, repayable only from Russian reparations.
EU officials plan to disburse the first tranche in late May or early June 2024.
Economists warn Ukraine could exhaust cash reserves by June if the loan is not disbursed promptly.

1 of 1

Story summary

EU ambassadors approved a €90 billion loan for Ukraine after Hungary and Slovakia lifted their veto when the Druzhba pipeline resumed Russian oil deliveries.
The loan consists of two interest-free €45 billion tranches for 2026 and 2027, repayable only from Russian reparations.
EU officials plan to disburse the first tranche in late May or early June 2024.
Economists warn Ukraine could exhaust cash reserves by June if the loan is not disbursed promptly.