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[ENERGY]

EU Greenlights €90bn Loan for Ukraine Amid Pipeline Reopening

In a significant development, Ukraine has reopened the Druzhba pipeline, which had been inactive for months, facilitating oil supplies to Hungary and coinciding with a €90bn loan approval from the EU.

Editorial StaffApril 22, 20261 MIN READ

The European Union has approved a substantial loan of €90 billion for Ukraine, marking a critical step in supporting the country's economy amid ongoing challenges.

Simultaneously, Ukraine announced the reopening of the Druzhba pipeline, which had been at a standstill for several months, affecting oil supplies to Hungary.

This dual development signals a potential easing of tensions and a move towards stabilizing energy supplies in the region.