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EU Lifts Vetoes, Unlocks €90 bn Ukraine Defense Loan

4/24/2026

45 9 Full Breakdown

Summary

Story summary

EU Council lifted Hungary’s and Slovakia’s vetoes after Ukraine resumed oil via Druzhba, clearing a €90 billion loan.
The loan will be split into two €45 billion tranches for defence, with the first tranche due May-June.
The EU notes the 20th sanctions package adds 120 individuals, expands restrictions, records Russia’s crude revenue at $19 billion in March, and that Hungary and Slovakia stay out of the loan while it bans exports to Kyrgyzstan.

History

Historical Context

The European Union imposed sanctions on Russia in 2014 after its annexation of Crimea, leading to a 30% decline in foreign investment in Russia. In September 2023, the EU's €90 billion loan to Ukraine, following the lifting of Hungary's and Slovakia's vetoes, underscores ongoing geopolitical tensions and the EU's commitment to supporting Ukraine against Russian aggression, reflecting a significant shift in regional dynamics.

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Story summary

EU Council lifted Hungary’s and Slovakia’s vetoes after Ukraine resumed oil via Druzhba, clearing a €90 billion loan.
The loan will be split into two €45 billion tranches for defence, with the first tranche due May-June.
The EU notes the 20th sanctions package adds 120 individuals, expands restrictions, records Russia’s crude revenue at $19 billion in March, and that Hungary and Slovakia stay out of the loan while it bans exports to Kyrgyzstan.

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