Ukraine Gets $105 Billion EU Loan as Zelensky Meets Leaders in Cyprus
Ukrainian President Volodymyr Zelensky met with European Union leaders in Cyprus on Thursday as the EU approved a $105 billion loan for Ukraine. The massive aid package was unblocked after months of delays and deadlock among EU members.
Ukrainian President Volodymyr Zelensky joined European Union leaders in Cyprus on Thursday to celebrate the approval of a massive $105 billion loan for his war-torn country.
The EU had been stuck in a prolonged deadlock over the aid package for months. Preliminary approval came on Wednesday, with final sign-off expected by Thursday before the leaders' meeting at Cyprus's Ayia Napa marina.
The 90 billion euro loan represents one of the largest single financial commitments the EU has made to any country. Ukraine desperately needs the funds to keep its government running, rebuild damaged infrastructure, and maintain essential services while fighting Russia's invasion.
EU sources suggest Hungary, led by Prime Minister Viktor Orban, had been among the holdout countries blocking the aid. Hungary has frequently opposed EU support for Ukraine throughout the war.
The meeting in Cyprus marks a significant diplomatic victory for Zelensky, who has spent nearly two years traveling across Europe seeking military and financial support.
This is one of the largest financial aid packages ever given to a single country. The money will help Ukraine rebuild infrastructure, pay government workers, and continue defending itself against Russia's invasion.
Ukraine will begin receiving the loan funds in phases. More EU aid discussions are expected as the war continues.
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