EU Anticipates Positive Decision on $90B Loan for Ukraine Wednesday

European Union’s foreign policy chief Kaja Kallas expects positive decisions on the 90 billion euro ($105.94 billion) loan for Ukraine to be made on Wednesday.

This month’s electoral defeat of Hungary’s Prime Minister Viktor Orban, who is known as Ukraine’s harshest EU foe, could pave the way for the loan that Kyiv urgently needs to fund the war with Russia.

The loan was originally agreed upon by all EU member states in December. Kallas told reporters on Tuesday that “Ukraine really needs this loan and it’s also a sign that Russia cannot outlast Ukraine.”

Irish foreign minister Helen McEntee echoed this view, stating that it is important for the EU to make progress on the 90 billion euro loan, as well as on the 20th package of sanctions against Russia.