Cyprus, which ensures the biannual presence of the EU council, announced that it had launched the procedure to release this loan of 90 billion euros. At the same time, a new package of sanctions targeting Russia was approved.
The European Union put an end this Wednesday to the long saga of the 90 billion euro loan granted in December by the 27, but since blocked by Hungary. As expected, the country lifted its veto allowing this loan to be released.
Cyprus, which ensures the biannual presence of the EU council, announced that it had launched the procedure to lead to an agreement by the 27, and to allow the first payments of this loan.
Hungary had for months blocked the payment of this loan, essential to Ukraine to continue its war against Russia, as long as deliveries of Russian oil, transiting through Ukraine, did not resume.
At the same time, a new package of sanctions targeting Russia was approved. The written procedure for the final adoption of these two measures should be completed on Thursday.
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Originally published at Almouwatin.com
