EU expects positive decisions on 90 billion euro loan to Ukraine on Wednesday

The European Union’s foreign policy chief Kaja Kallas said ​she expected “positive decisions” on the 90 billion euro ($105.94 ‌billion) loan for Ukraine to be made on Wednesday.

This month’s electoral defeat of Hungary’s Prime Minister Viktor Orban, Ukraine’s harshest ​EU foe, could pave the way for the ​loan that Kyiv urgently needs to fund the ⁠war with Russia. The loan was originally agreed ​upon by all EU member states in December.

“We expect ​some positive decisions tomorrow on the 90 billion loan,” Kallas told reporters on Tuesday, as EU foreign ministers gathered to meet ​in Luxembourg.

“Ukraine really needs this loan and it’s ​also a sign that Russia cannot outlast Ukraine. This is extremely ‌important ⁠at this moment,” she added.

That view was echoed by Irish foreign minister Helen McEntee.

“It’s really important as an EU that we make progress on the 90 ​billion euro loan, ​that we ⁠make progress on the 20th package of sanctions and that we’re able to ​exert as much pressure as possible on ​Russia,” she ⁠said.

“I was in Ukraine with a number of colleagues in recent weeks and what’s very clear is that ⁠we ​are at that breaking point ​where that loan is absolutely essential,” added McEntee.