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EU Approves €90B Ukraine Loan After Pipeline Veto Lifted

4/24/2026

49 7 Full Breakdown

Summary

Story summary

EU ambassadors approved a €90 billion loan for Ukraine after Hungary and Slovakia lifted vetoes over the Druzhba pipeline.
The loan will be raised on markets with disbursement expected by late April or early May to fund Ukraine’s defence.
Ukraine repaired the Druzhba section damaged by a Russian drone, allowing oil flow to resume on 22 April at 11:30 CET and prompting the EU to adopt its 20th sanctions package on energy, banking, trade.

History

Historical Context

Since Russia's 2022 invasion of Ukraine, the European Union has imposed extensive sanctions, including a €90 billion aid package to support Ukraine's defense. The conflict has disrupted energy supplies, exemplified by the April 2023 resumption of the Druzhba pipeline after drone repairs. This situation underscores the EU's commitment to Ukraine's sovereignty and the critical geopolitical stakes surrounding energy security.

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Story summary

EU ambassadors approved a €90 billion loan for Ukraine after Hungary and Slovakia lifted vetoes over the Druzhba pipeline.
The loan will be raised on markets with disbursement expected by late April or early May to fund Ukraine’s defence.
Ukraine repaired the Druzhba section damaged by a Russian drone, allowing oil flow to resume on 22 April at 11:30 CET and prompting the EU to adopt its 20th sanctions package on energy, banking, trade.

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