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EU unblocks €90B Ukraine loan
The vital financial support package for Kyiv had been stalled by a Hungarian veto, but the new administration in Budapest has withdrawn its opposition.
This breakthrough comes as Ukraine restarts pumping Russian oil through the Druzhba pipeline to Hungary and Slovakia, resolving a critical energy dispute.
The loan is intended to bolster Ukraine's finances as it continues its defense against Russian aggression.
EU leaders are also expected to finalize a new package of sanctions against Moscow in the coming days.
European Union
Political and economic union of 27 European states
Political and economic union of 27 European states
Ukraine
Country in Eastern Europe
Country in Eastern Europe
Viktor Orbán
Prime Minister of Hungary (1998–2002; 2010–present)
Prime Minister of Hungary (1998–2002; 2010–present)
Druzhba pipeline
Oil pipeline in Austria, Belarus, Czech Republic, Germany, Hungary, Poland, Russia, Slovakia, Ukraine
Oil pipeline in Austria, Belarus, Czech Republic, Germany, Hungary, Poland, Russia, Slovakia, Ukraine
Hungary
Country in Central Europe
Country in Central Europe