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EU Envoys Clear €90 Billion Ukraine Loan After Hungary Ends Blockade

Only a final written sign-off now stands between Kyiv and new EU financing.

Overview

  • EU ambassadors, meeting Wednesday in Brussels, backed a budget change that allows up to €90 billion in loans for Ukraine pending formal written approval by all 27 states.
  • Hungary ended its months-long veto after Kyiv said the Druschba oil pipeline was repaired and ready to restart flows, clearing a condition Budapest had linked to resumed deliveries.
  • Russia said it will stop routing Kazakh oil to Germany via Druschba on May 1, a move that could strain the PCK Schwedt refinery that supplies Berlin and much of northeast Germany.
  • The White House said President Trump extended the weapons pause with Iran without a deadline while keeping a naval blockade, a step Tehran publicly cast as a political win.
  • Ukraine said its air defenses now intercept about 80 to 90 percent of Russian drones and missiles, describing its frontline posture as the strongest in roughly a year.