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EU Approves €90 bn Loan, 20th Russia Sanctions Package

4/26/2026

Summary

Story summary

The EU approved a €90 billion loan and its 20th sanctions package against Russia on 24 April 2026 after Hungary’s election loss and Druzhba oil shipments resumed.
Hungary and Slovakia blocked the loan when Druzhba oil stopped in January, lifting their veto when shipments resumed.
EU will borrow on markets to fund loan, with repayment starting after Russia pays reparations and sanctions freezing 60 entities, banning Russian cryptocurrency, and targeting 40 shadow-fleet vessels.

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Story summary

The EU approved a €90 billion loan and its 20th sanctions package against Russia on 24 April 2026 after Hungary’s election loss and Druzhba oil shipments resumed.
Hungary and Slovakia blocked the loan when Druzhba oil stopped in January, lifting their veto when shipments resumed.
EU will borrow on markets to fund loan, with repayment starting after Russia pays reparations and sanctions freezing 60 entities, banning Russian cryptocurrency, and targeting 40 shadow-fleet vessels.