EU backs $148bn loan for Ukraine after pipeline spat resolved

Here is a concise summary: The European Union has given a preliminary green light to a $148 billion loan for Ukraine, which was delayed due to a dispute between Ukraine and Hungary over a damaged pipeline damaged by a Russian strike. Hungary's nationalist leader Viktor Orbán refused to sign off on the loan until the pipeline was repaired, but Ukraine has since restarted oil supplies to Hungary and Slovakia. The loan, which Ukraine needs to plug its budget, will now be finalized, and the EU is also expected to approve a new round of sanctions against Russia.