EU ambassadors to seek final approval of €90bn loan for Ukraine on 22 April
The agenda for a meeting of the Committee of Permanent Representatives (Coreper), scheduled for 22 April, has been expanded to include an amendment to the EU's long-term budget for 2021-2027, which would enable the European Union to provide Ukraine with a €90 billion loan.
Source: a spokesperson for the Cypriot EU Presidency, which sets the agendas for Coreper, in a comment to European Pravda
Details: The EU ambassadors may give final approval to the €90 billion loan for Ukraine on 22 April.
The spokesperson said: "In light of recent developments, the Presidency has included the amendment of the MFF regulation, the last element needed to allow for the disbursement of the €90 billion loan for Ukraine, on the agenda of the Coreper II meeting on Wednesday 22 April, as a non-discussion item."
The source speaking to European Pravda clarified that following approval at Coreper, a written procedure will be initiated for the final adoption of the amendments to the EU's multiannual budget.
This would mean that the decision could be adopted within 24 hours.
Background:
- As reported by European Pravda on 19 April, Hungary's Prime Minister Viktor Orbán said Ukraine is willing to resume oil supplies via the Druzhba pipeline on Monday 20 April, provided that Budapest unblocks the €90 billion EU loan.
- Hungary's incoming Prime Minister Péter Magyar indicated that he will not block the €90bn EU loan for Ukraine, as the decision has already been made, although he confirmed that Budapest will not participate in it.
- It was also reported that Ukraine's Foreign Minister Andrii Sybiha will join a meeting of the EU Foreign Affairs Council on 21 April in Luxembourg to discuss prospects for unblocking a €90 billion loan for 2026-2027.
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