German Chancellor Friedrich Merz announced at an informal EU Council meeting in Nicosia that the European Union would continue to support Ukraine, citing the release of a €90‑billion loan after Hungary lifted its blockade and the adoption of a 20th sanctions package against Russia. Merz also outlined a phased approach to bring Ukraine closer to EU membership, with interim steps such as participation in EU bodies without voting rights. He warned against expanding the EU budget and rejected new borrowing or an additional levy on large companies. Merz emphasized fiscal prudence, calling for horizontal cuts across all budget categories, and reaffirmed Germany’s readiness to help secure free navigation in the Strait of Hormuz, subject to certain conditions. The council also signed a competitiveness roadmap to be enacted in 2026.
Made by AI. If you spot anything of concern write us at contact@cybach.com. We’ll promptly correct irregularities.