BRUSSELS, April 23 (Reuters) - The European Union on Thursday formally approved a promised 90 billion euro loan to Ukraine as well as a new package ofsanctions against Russia, the bloc's Cypriot presidency said on social media platform X.
"The EU's strategy to achieve a just and lasting peace in Ukraine rests on two pillars: strengthening Ukraine; increasing pressure on Russia. Today we moved forward on both," European Council President Antonio Costa said in a separate post on X.
EU ambassadors had already approved the loan and the sanctions package on Wednesday after Hungary lifted its veto, paving the way for the formal approval.
(Reporting by Lili Bayer, Charlotte Van Campenhout, Editing by inti Landauro)
