Ukraine to Get €90 Billion EU Loan as Orban Heads for the Exit

Ukraine will finally start receiving a €90 billion ($106 billion) loan from the European Union after Hungary lifted its veto, bringing an end to years of Prime Minister Viktor Orban’s obstructionism over aid to a war-torn Kyiv.

EU ambassadors gave preliminary approval for the loan’s disbursement during a meeting on Wednesday, according to the EU’s rotating presidency, held by Cyprus. They also approved a fresh package of Russian sanctions at the meeting, which Hungary and Slovakia had separately been blocking.