Ukrainian President Volodymyr Zelensky is scheduled to meet with European Union leaders in Cyprus after a major financial agreement was reached. The EU has agreed to provide a 90-billion-euro loan package to Ukraine, a critical support measure that had been stalled for some time. This funding is expected to be formally approved on Thursday, following preliminary consent granted on Wednesday.
The delay in releasing these funds was caused by political tensions, particularly between Hungary's Prime Minister Viktor Orban and Zelensky. The resolution of this dispute and subsequent approval of the loan marks a significant diplomatic success for Ukraine. The meeting in Cyprus, held at Ayia Napa marina, will allow Zelensky to discuss ongoing support and cooperation with EU leaders.