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Bloomberg: Ukraine Risks Running Out of Money by June
Hungary’s veto on a €90 billion EU loan to Ukraine blocks approvals and delays a €16 billion rearmament fund amid concerns over corruption and demands for more financing.
- Hungarian Prime Minister Viktor Orbán blocked the EU's €90 billion loan package for Ukraine on March 19, stalling critical financial support as Kyiv faces a $52 billion external financing requirement for 2026.
- Orbán linked his veto to the suspended Druzhba oil pipeline transit, while the European Commission stalled approval of Hungary's own €16 billion SAFE defense plan in response.
- President Volodymyr Zelenskyy called the move "blackmail," warning that without funds, "the army will face underfunding" for drone production and air defense systems critical to Ukraine's defense.
- National Bank of Ukraine Governor Andriy Pyshnyi warned the institution might resume direct lending to the Finance Ministry if international funding fails to arrive; Kyiv has resources only until June.
- European allies are considering €30 billion in military aid from Baltic and Northern European countries to bridge the gap if the main EU loan remains blocked beyond Hungary's April election.
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The allocation of tens of billions of euros of aid by donors to Ukraine is under threat, while Kiev has only two months left to defend itself against Russian aggression, Bloomberg writes.
·Vilnius, Lithuania
Read Full ArticleUkraine Is Running Out of Cash to Pay for the War as Aid Falters
Ukraine risks running out of money to pay for its defense against Russia within two months as a multitude of factors converge to threaten tens of billions of euros in assistance from the country’s key donors.
·United States
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Total News Sources36
Leaning Left8Leaning Right3Center3Last UpdatedBias Distribution57% Left
Bias Distribution
- 57% of the sources lean Left
57% Left
L 57%
C 22%
R 21%
Factuality
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