EU Leaders Gear Up for Crucial Meeting Amid Breakthrough on Ukraine Loan and Sanctions European Union leaders are set to convene in Cyprus this evening, with a packed agenda that includes discussions on the Middle East and the bloc's next budget. However, a significant development has emerged that could shift the focus of the meeting: the €90 billion loan for Ukraine and the 20th package of sanctions against Russia are reportedly on the verge of being unblocked after a four-month delay. The breakthrough comes after Hungary and Slovakia dropped their opposition, paving the way for the long-stalled package to move forward. The move marks a significant victory for Ukraine, which has been struggling to secure the necessary financial support amidst the ongoing conflict with Russia.
Move comes after Hungary and Slovakia dropped opposition following reopening of the Druzhba oil pipelineEU leaders are set to meet in Cyprus this evening to discuss the latest on the Middle East and the next EU budget, starting in 2028.But it looks like they will have a bit of a detour – and a reason to celebrate, too – as the long-awaited €90bn loan for Ukraine and the 20th package of sanctions against Russia are on course to be unblocked after four months of delays caused by Hungary’s Viktor Orbán. Continue reading...
