EU unlocks new tranche of €90 billion loan to Ukraine

The European Commission has approved €6.1 billion ($7.1 billion) in new weapons purchases for Ukraine, the commission said on Monday. 

The tranche is part of a €90 billion loan allocated by Brussels for budgetary and military aid to Kiev earlier this year.

Facing mounting battlefield pressure, Kiev is increasingly pushing for faster aid disbursements as it relies heavily on foreign funding to plug a widening budget gap and sustain its war effort against Russia.