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EU Grants €90 bn Ukraine Loan, Imposes Sanctions, Triggers Chinese Blacklist

4/28/2026

Summary

Story summary

The European Union approved a €90 billion loan for Ukraine.
The loan, split into two €45 billion tranches for 2024-25, will fund defense procurement and cover about two-thirds of Ukraine’s financing needs.
The EU’s 20th sanctions package added 120 individuals and entities, targeted Russia’s shadow oil-tanker fleet, banks, cryptocurrency platforms and 27 Chinese firms, prompting China to blacklist European defence and aerospace firms for undermining bilateral trust.

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Story summary

The European Union approved a €90 billion loan for Ukraine.
The loan, split into two €45 billion tranches for 2024-25, will fund defense procurement and cover about two-thirds of Ukraine’s financing needs.
The EU’s 20th sanctions package added 120 individuals and entities, targeted Russia’s shadow oil-tanker fleet, banks, cryptocurrency platforms and 27 Chinese firms, prompting China to blacklist European defence and aerospace firms for undermining bilateral trust.