April 23, 2026 7:52 PM
EU formally approves Ukraine loan and 20th sanctions package against Russia
The European Union formally approved on Thursday a 90-billion-euro ($105-billion) loan to Ukraine and new sanctions against Russia, ahead of an informal summit of the bloc's leaders in Cyprus which Ukrainian President Volodymyr Zelenskiy will attend. The loan is set to cover two-thirds of Ukraine's needs for the next two years. Economists had said Ukraine would start to run out of money by June if the EU loan was not disbursed by then, requiring deep cuts to public services. "We are on our ...