EU Moves Forward with Ukraine Loan, Fresh Russia Sanctions
Ambassadors representing the bloc’s 27 member nations approved the measures on Wednesday, with formal adoption expected to follow through a written procedure on Thursday, as stated by reports.
The €90 billion (over $105 billion) loan package had previously been stalled due to opposition from Hungary, led by outgoing Prime Minister Viktor Orban, despite an earlier consensus reached in December.
Budapest’s resistance had emerged after Ukraine indicated that a Russian strike caused disruptions to oil transit through a significant pipeline. This led to claims that Kyiv’s actions were indirectly affecting the movement of Russian oil supplies.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
