US EditionHungary moves to unblock EU aid to Ukraine and tap frozen funds
The move could end Hungary’s veto on a $106 billion EU loan for Ukraine as Brussels and Kyiv negotiate repairs and funding terms.
- On Monday, outgoing Hungarian Prime Minister Viktor Orban announced that Ukraine may resume oil deliveries via the Druzhba pipeline today, provided Hungary lifts its veto on the €90 billion European Union loan package for Kyiv.
- The Druzhba pipeline, a critical route for Russian crude, has remained offline since a Russian strike damaged infrastructure in Ukraine this January, prompting Orban to condition the €90 billion financial aid on the resumption of supplies.
- Ukrainian President Volodymyr Zelensky previously stated repairs would conclude this spring, while incoming leader Peter Magyar noted on Friday that he received information from Hungarian oil company Mol Nyrt suggesting flows might resume this week.
- Maintaining his position that "no oil = no money," Orban confirmed he would approve the loan once deliveries restart, while the European Commission confirmed efforts to facilitate contact between concerned parties.
- Incoming leader Magyar plans to travel to Brussels next month to negotiate a comprehensive political agreement for stalled funding, though EU foreign policy chief Kaja Kallas suggested the bloc might release funds regardless of Budapest's stance.
50 Articles
50 Articles
In the event of the resumption of supplies to Hungary through the Druzhba oil pipeline, the EU will quickly begin distributing 90 billion euros of loan to Ukraine.
The countries of the European Union will try to approve definitively today a loan of 90 billion euros (106 billion dollars) for Ukraine, so far blocked by Hungary, reported an official. The outgoing Hungarian Prime Minister, Viktor Orbán, had blocked the loan as a measure of pressure in a dispute with Ukraine over a damaged pipeline carrying Russian oil. However, last week Kiev announced that the pipeline would reopen at the end of April, so Orb…
The outgoing Hungarian prime minister is ready to withdraw the loan to Ukraine.
In just a few days, it seems that oil could flow from Russia to Hungary again. Electoral loser Viktor Orbán had already announced that he would also abandon his blockade of EU aid to Kyyiv.
Brussels, Belgium.The European Union countries will try to approve definitively on Wednesday a loan of €90 billion ($106 billion) for Ukraine, blocked so far by Hungary, reported an official.The outgoing Hungarian Prime Minister, Viktor Orbán, had blocked the loan as a measure of pressure in a dispute with Ukraine over a damaged pipeline carrying Russian oil.However, last week Kiev announced that the pipeline would reopen at the end of April, so…
El Periódico
elcorreogallego.esThe European Union hopes that Hungary will lift this week the veto on the loan of 90 billion euros to Kiev, which the now acting prime minister, Viktor Orbán, maintained in response to the cut-off of Russian oil supply through the Druzhba pipeline passing through Ukraine.Continue reading...
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