🇪🇺🇺🇦 EU ambassadors have approved a €90 billion loan to Ukraine after Hungary lifted its veto.
- Hungary dropped its opposition after Ukraine resumed Russian oil flows through the Druzhba pipeline to Hungary and Slovakia
- Ambassadors also approved a fresh package of Russian sanctions that Hungary and Slovakia had been blocking
- Ukraine was weeks away from running out of money
- The funds will cover both military and government spending
- Hungary's incoming PM Magyar has signaled a more pro-EU approach when he takes office next month
Source: Bloomberg
- Hungary dropped its opposition after Ukraine resumed Russian oil flows through the Druzhba pipeline to Hungary and Slovakia
- Ambassadors also approved a fresh package of Russian sanctions that Hungary and Slovakia had been blocking
- Ukraine was weeks away from running out of money
- The funds will cover both military and government spending
- Hungary's incoming PM Magyar has signaled a more pro-EU approach when he takes office next month
Source: Bloomberg