EU approves a $106 billion loan package to help Ukraine after Hungary lifts its veto

AP — 

The European Union on Thursday approved a massive loan package to help Ukraine meet its economic and military needs for two years, the bloc’s Cypriot presidency said, after oil began flowing through a key pipeline to Hungary and Slovakia, ending months of political deadlock.

The EU also approved a new raft of sanctions against Russia over its war on Ukraine. The measures were prepared early this year and set to be announced in February to mark the fourth anniversary of the conflict, but Hungary and Slovakia opposed the move.

Hungary and Slovakia have been locked in a feud with Ukraine since Russian oil deliveries to the two EU countries were halted in January after a pipeline was…

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