US EditionDruzhba Oil Flows Resume, Clearing Path for €90B Ukraine Loan
- The European Union is set to approve a €90 billion loan for Ukraine after Russian oil flows through the Druzhba pipeline resumed to Hungary and Slovakia.
- Hungary and Slovakia, which had delayed or blocked the loan due to pipeline repair disputes, are expected to receive oil shipments starting Thursday.
- Hungary's new government will support the EU funds for Kyiv, while Slovakia's Prime Minister expressed concerns about potential supply cuts after the loan approval.
- Alongside the loan, the EU plans to impose a new round of sanctions on Russia, targeting energy, banking, and trade sectors amid the ongoing conflict.
29 Articles
29 Articles
The Drushba pipeline, which transports Russian oil to Hungary and Slovakia, has resumed operation. According to Ukrainian accounts, the pipeline had been damaged by Russian drone attacks on 27 January. However, Slovakia's left-wing Prime Minister Robert Fico, along with the outgoing Hungarian Prime Minister Viktor Orban, expressed doubts about the reasons. Both demanded an independent inspection of the pipeline, which transports the oil via Bela…
In parallel with the restoration of shipments, the obstacle to the release of the €90 billion EU giga-loan intended for Kiev was also removed.
Ukraine reopens Russian oil pipeline, clearing way for €90 billion EU loan after months-long 'blockade'
Druzhba oil pipeline flows resume through Ukraine, ending a months-long blockade and clearing EU approval for a crucial €90bn loan and fresh Russia sanctions.
When exactly will the first oil arrive in Hungary after transit is restored? Oil transit to Hungary has resumed after a long break, and the first volumes may arrive soon. This was reported by RBC-Ukraine, citing a Facebook post by Hungarian Minister for European Affairs János Bóka. Read also: Fico himself has devised a second Druzhba shutdown after a loan to Ukraine. "We have succeeded in resuming oil supplies via the Druzhba pipeline," the mini…
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