Brussels, April 23 -- The European union on Thursday formally approved a €90 billion loan package for Ukraine for 2026-27, along with its 20th sanctions package against Russia, EU officials said.
European Commission President Ursula von der Leyen said the agreement among member states marks a step-up in support for Ukraine, as the bloc intensifies pressure on Moscow amid the ongoing war. She said the EU is "doubling down" on its backing for Ukraine while targeting Russia's war economy.
EU ambassadors had already reached a preliminary agreement on the measures a day earlier after Hungary withdrew its veto, clearing the way for formal approval.
Published by HT Digital Content Services with permission from United News of India....