EU envoys meet in hopes of approving a long-delayed loan to Ukraine
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By Lorne Cook
Published on April 22, 2026.
EU envoys are meeting in Brussels to assess whether Hungary will lift its veto on a 90-billion-euro ($106 billion) loan package for Ukraine, which is desperately needed to meet its military and financial needs for the next two years. Hungary and Slovakia have accused Ukraine of failing to repair a damaged pipeline that ships Russian oil. Ukraine and most of its European backers oppose imports of Russian oil, which have helped fund President Vladimir Putin's war. However, outgoing Hungarian Prime Minister Viktor Orbán has indicated that he will only approve the Ukraine loans once the oil starts flowing again. Cyprus, which holds the rotating presidency, plans to launch a written procedure to approve the final piece of the loan package, which would require Hungary or any other objecting nation to state in writing why they oppose it. The EU has also been trying to push through a new raft of sanctions against Russia, which Hungary and Slovak have been blocking.
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