EU gives Ukraine €1bn loan from frozen Russian assets
The European Union has announced it is giving Ukraine an extra €1 billion, about $1.17 billion, in financial support. This money comes as a loan that Ukraine will repay using the interest earned from Russian state assets frozen in the EU. This move shows that the EU remains the biggest supporter of Ukraine since Russia’s […]
EU renews Russia sanctions after Hungarian delay
The European Union has decided to extend its sanctions on Russia over the ongoing war in Ukraine. The renewal faced a brief delay after Hungary demanded assurances on energy security. Kaja Kallas, the EU’s foreign policy chief, confirmed the decision, saying the sanctions will continue to cut Russia’s income and limit its ability to fund […]