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EU Approves Ukraine Loan Amid Budget Fight, Proposes New Taxes

5/4/2026

29 4 Full Breakdown

Summary

Story summary

EU leaders in Cyprus celebrated a loan approval for Ukraine.
After the Parliament voted to increase the EU budget, member states will decide the 2028-2035 Multiannual Financial Framework.
Germany and the Netherlands opposed the increase while Greece, Poland, Romania, Spain and Hungary said €1.76 trillion budget is too low.
The Commission proposed five own-revenue sources, as a levy on large companies, a tobacco tax and a digital tax on big tech.

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Story summary

EU leaders in Cyprus celebrated a loan approval for Ukraine.
After the Parliament voted to increase the EU budget, member states will decide the 2028-2035 Multiannual Financial Framework.
Germany and the Netherlands opposed the increase while Greece, Poland, Romania, Spain and Hungary said €1.76 trillion budget is too low.
The Commission proposed five own-revenue sources, as a levy on large companies, a tobacco tax and a digital tax on big tech.