The European Union approved a substantial loan package of $106 billion to aid Ukraine's economic and military needs for two years. The approval followed Hungary lifting its veto, and the EU also agreed on new sanctions against Russia.

The European Union on Thursday approved a massive loan package to help Ukraine meet its economic and military needs for the next two years, the bloc’s Cypriot presidency said, after Hungary lifted its veto. The EU also approved a new raft of sanctions against Russia over its war on Ukraine. The measures were prepared early this year and set to be announced in February to mark the fourth anniversary of the conflict, but Hungary and Slovakia opposed the move. Hungary and Slovakia have been locked....