EU launches final procedure to approve €90bn support package for Ukraine – DW
The EU has moved closer to approving €90 billion in financial assistance for Ukraine, launching the final stage of the legal process required to agree the loan.
Source: DW, German international broadcaster and media outlet
Details: The issue has been added to the agenda of a meeting of the Committee of Permanent Representatives of EU member states, scheduled for 22 April. Ambassadors are expected to approve an amendment to the EU's long-term budget during the meeting, which is the final technical step needed to unlock the funding.
The item was reportedly included on the agenda without discussion, which typically indicates prior agreement among member states. If approved, the decision will be finalised through a written procedure, after which it will formally enter into force.
Background:
- Following the defeat of Hungarian Prime Minister Viktor Orbán in the elections on 12 April, the EU is hoping that both its €90 billion loan for Ukraine and the 20th Russia sanctions package can be unblocked as quickly as possible.
- The German government expressed hope that the outcome of Hungary's parliamentary elections will help quickly unblock a €90 billion EU loan for Ukraine.
- After winning the parliamentary elections, Tisza leader Péter Magyar said that Hungary will once again be a reliable partner in the EU and NATO.
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