Europe

EU’s $106 billion Ukraine loan to be approved within 24 hours — Kallas

Nation

21 April, 07:56 PM

The European Union is expected to give the final go-ahead to a EUR90 billion ($105.5 billion) loan program for Kyiv in the next 24 hours, EU’s High Representative for Foreign Affairs and Security Policy, Kaja Kallas, said on April 21.

Kallas made the remark at a news conference after a meeting of EU foreign ministers in Luxembourg, Ukrainska Pravda reported.

“After the election in Hungary there was a new impulse, and I expect a positive decision on the EUR90 billion loan within the next 24 hours,” she said.

She added that EU foreign ministers “also urged moving quickly on the 20th [Russia] sanctions package.”

“We must continue giving Ukraine what it needs to defend itself until [Russian dictator Vladimir] Putin understands that this war leads nowhere,” Kallas said.

Kallas said the EU must revisit long-blocked decisions, including opening substantive accession negotiations with Ukraine and steps related to European rearmament.

“We also need to review sanctions that were on the table but not agreed before; and we also must move forward with a new package of sanctions,” she said.

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