Decision on €90bn loan for Ukraine to come within 24 hours, top EU official says
A decision on the EU's €90 billion loan for Ukraine will be taken within the next 24 hours, Kaja Kallas, EU High Representative for Foreign Affairs and Security Policy, has said.
Source: European Pravda, citing Kallas at a press conference after the EU Foreign Affairs Council on 21 April in Luxembourg
Quote: "Following Hungarian elections, there is a new momentum and I expect a positive decision on the €90 billion loan in the next 24 hours."
Details: Kallas said EU foreign ministers also "urged to rapidly move forward with the 20 sanctions package".
Quote: "We must continue to give Ukraine what it needs to hold its own until Putin understands that this war leads nowhere."
More details: Kallas said the EU "should also revisit long-blocked decisions, including opening negotiation clusters with Ukraine".
Quote: "Also, the European Peace Facility Weapons Fund. Also, we should revisit sanctions that have been on the table and not agreed before. But also, we should move on with the new sanctions package."
Background:
- On 21 April, Ukrainian President Volodymyr Zelenskyy said that Ukraine had completed repairs to the Druzhba oil pipeline, which was damaged by a Russian missile attack in January 2026.
- On 19 April, Hungarian Prime Minister Viktor Orbán said Ukraine is willing to resume oil supplies through the Druzhba pipeline on 20 April on condition that Budapest unblocks the EU loan of €90 billion.
- The European Union plans to provide Ukraine with the first tranche of a €90 billion loan in late May or early June 2026.
- To complete technical preparations for providing Ukraine with a €90 billion loan in 2026-2027, the EU must approve three additional key documents, alongside amendments to the EU's long-term budget currently blocked by Hungary.
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