"Ukrainian President Volodymyr Zelenskyy welcomed the EU's approval of the loan, stating, 'Today is an important day for our defence and for our relations with the European Union.' He emphasized the significance of securing financial certainty after more than four years of full-scale war."
"The European support loan for Ukraine has been unblocked, amounting to 90 billion euros or $105bn over two years. Zelenskyy urged that the first tranche be disbursed by May or June, highlighting the urgent need for funds to address budget black holes."
"The EU's 27 countries also signed off on a new package of sanctions against Moscow, which had been delayed by Hungary and Slovakia. This new round of economic punishment for the Kremlin is the 20th by the EU since Russia launched its full-scale invasion of Ukraine in 2022."
The European Union has finalized a 90-billion-euro loan for Ukraine and imposed new sanctions on Russia, following the resolution of objections from Hungary and Slovakia. Ukrainian President Zelenskyy emphasized the importance of this financial support, urging for the first disbursement by May or June. The approval comes as Ukraine faces budget challenges due to the ongoing war, while Russia's economy is increasingly strained. This marks the EU's 20th round of sanctions against Russia since the invasion began in 2022.
Read at www.aljazeera.com
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