EU approves a $106B loan package to help Ukraine after Hungary lifts its veto - AP News
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- EU approves €90 billion ($106 billion) loan for Ukraine.
- Hungary lifts its veto, enabling the loan’s approval.
- EU imposes new sanctions on Russia alongside the loan package.
- Russia faces new sanctions on its banks and energy sector, deepening economic pressure.
Why it matters: Ukraine gains $106 billion in financing to sustain its defense and reconstruction, while Russia loses further economic pressure; the EU’s coordinated loan and sanctions tighten Kyiv’s fiscal resilience and isolate Moscow internationally.
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