Ukraine expects oil transit through the Druzhba pipeline to resume on Tuesday, April 21st likely clearing the way for the European Union to approve a €90 billion loan package for Kyiv.
Bloomberg’s reporting of this surprise breakthrough follows Ukrainian officials stating on Monday that the right technical conditions now exist to restart oil flows, reassuring several EU member states affected by recent disruptions.
Brussels ambassadors are poised to approve a significant loan to Ukraine on Wednesday, April 22nd provided that operations on the Druzhba pipeline—a major route for transporting Russian crude oil—resume in time.
The move follows a decision by the Cypriot presidency of the Council of the European Union to place the Ukrainian loan on the agenda for a meeting of the bloc’s 27 ambassadors, indicating optimism that the deal will be approved.
