EU Aims to Unblock €90 Billion Ukraine Loan After Orban Loss

The European Union will seek to finalize a €90 billion ($105 billion) loan for Ukraine following the election defeat of Hungarian Prime Minister Viktor Orban, who had been blocking the financing package.

Cyprus, which holds the rotating presidency of the EU and sets many policy priorities, will bring the issue up at a meeting of the bloc’s ambassadors as soon as possible, according to a Cypriot official.