The EU has finalized a €90 billion loan for Ukraine and a new sanctions package against Russia after Hungary lifted its veto.
The process has officially started, and Hungary has withdrawn its objections, confirming the earlier report of an imminent approval.
The meeting is specifically aimed at approving the loan to cover Ukraine's needs for the next two years, adding a timeline to the previously reported process.
The agreement has now been reached by EU countries, moving the process forward from the earlier meeting stage.
The approval has moved from a political agreement to a formal sign-off by EU member state ambassadors.
The Cypriot presidency confirmed the preliminary approval, with the formal procedure set to conclude Thursday.
The provisional approval of the €90 billion loan has been formally confirmed.
Cyprus, as the EU presidency, confirmed the final approval and that Hungary lifted its veto, allowing the measures to proceed.
