EU approves €90 billion loan to Ukraine after Hungary drops veto

European Union ambassadors have approved a €90 billion loan for Ukraine, clearing the way for the country to receive crucial financial support. The decision came after Hungary dropped its opposition, which had previously blocked the package.

The loan, worth about $105 billion, is part of a broader EU effort to support Ukraine amid its ongoing war with Russia. The approval also coincided with the EU's agreement on a 20th package of sanctions against Russia.