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EU Leaders Approve €90 Billion Loan for Ukraine at Cyprus Summit
European leaders approved a €90 billion loan for Ukraine and new sanctions against Russia during an informal summit in Agia Napa, Cyprus, on April 23. Ukrainian President Volodymyr Zelensky attended and urged the opening of EU accession negotiations without delays. Leaders expressed support for strengthening Ukraine amid ongoing conflict.
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leaders gathered for an informal summit in Agia Napa, Cyprus, on April 23, following the approval of a €90 billion loan for Ukraine and new sanctions against Russia. Danish Prime Minister Mette Frederiksen described the decisions as critical steps forward for Ukraine.
European Commission President Ursula von der Leyen stated that the day was positive for Ukraine and Europe, noting the EU's strategy involves strengthening Ukraine and increasing pressure on Russia.
said the actions advanced both pillars of the EU's approach to achieving peace in Ukraine. Ukrainian President Volodymyr Zelensky stated that the loan would strengthen Ukraine's army, enhance resilience, and help fulfill social obligations after more than four years of war.
Zelensky also advocated for launching Ukraine's EU accession process. He received support from von der Leyen and Costa, who jointly called for opening negotiation clusters without delay.
join the EU, candidate countries must adopt European laws across 35 sectoral chapters, with clusters opened and closed by unanimous member state agreement. Ukraine's official accession negotiations began in December 2023, when Hungarian Prime Minister Viktor Orban briefly left the European Council.
Orban had since refused to open negotiation chapter clusters, but his successor, Peter Magyar, has indicated he will not block the process.
