European Union approves 90 billion euro loan for Ukraine and 20th sanctions package against Russia

On April 23, 2026, the European Union finalized the approval of a 90 billion euro loan to Ukraine for the 2026-2027 period, alongside a 20th sanctions package targeting Russia. The agreement followed the lifting of a veto by Hungary, allowing the Cyprus Presidency of the EU Council to conclude the necessary written procedures. Approximately half of the funding is scheduled for disbursement in 2026, with the remainder in 2027, primarily designated for military needs and supporting the Ukrainian state budget, including healthcare and education. President Volodymyr Zelenskyy welcomed the decision, noting that these funds are essential for national defense and economic resilience. EU officials and Commissioner Marta Kos confirmed the support, emphasizing that disbursements will begin as soon as possible. The move is designed to prevent a potential depletion of resources in Kyiv and to increase pressure on Moscow's war economy. Additional discussions regarding further support are occurring alongside a summit in Cyprus attended by Ukrainian leadership.