US EditionHungary to Block EUR 90 Bln Loan to Ukraine over Oil Stoppage, Minister Says
Hungary demands resumption of Russian oil transit via the Druzhba pipeline before approving a €90 billion EU loan to Ukraine amid rising political tensions.
- On Friday, Hungary blocked a 90 billion euro EU loan for Ukraine until Druzhba pipeline oil transit resumes, Hungary's ambassador raised objections at an EU meeting.
- Druzhba flows were halted on January 27, 2026, after a Russian strike damaged pipeline infrastructure, prompting Péter Szijjártó, Hungarian Foreign Minister, to accuse Kyiv, Brussels, and the opposition of `blackmail` ahead of the April 12, 2026 election.
- Budapest released about 1.8 million barrels from strategic reserves by government decree, while MOL ordered tankers carrying Saudi, Norwegian, Kazakh, Libyan and Russian oil, with shipments expected at Omisalj terminal in early March and priority access until April 15, 2026.
- The European Commission convened an emergency meeting for next week, while the IMF's 8 billion euros programme could be endangered by Hungary's veto, risking Ukraine's finances.
- This rare derailment of EU legislation underlines the unanimity rule as Prime Minister Viktor Orbán blocks the loan despite opposition from Belgium, Italy, and France, escalating tensions ahead of the April 12, 2026 election where the Tisza Party leads by about 10 points.
153 Articles
153 Articles
Hungary, Slovakia Threaten Ukraine Power Cuts As Budapest Moves To Block 90-Billion-Euro EU Loan
by Stefan J. Bos, Worthy News Europe Bureau Chief reporting from Budapest BUDAPEST (Worthy News) – Hungary and Slovakia threaten to cut electricity supplies to Ukraine unless it resumes Russian oil shipments by Monday, as the Hungarian government moves to block a planned 90-billion-euro ($106-billion) European Union loan to the war-torn country in an escalating energy standoff. Both countries, heavily dependent on Russian oil and natural gas, ac…
Hungary's foreign minister says country will block key EU loan to Ukraine until Russian oil shipments resume
Hungary will block a planned 90-billion-euro ($106-billion) European Union loan to Ukraine until the flow of Russian oil through the Druzhba pipeline resumes, Hungary's foreign minister said.
Hungary to block €90 billion EU loan to Ukraine until Russian oil shipments resume
Hungary will block a planned 90billioneuro ($106billion) European Union loan to Ukraine until the flow of Russian oil through the Druzhba pipeline resumes, Hungary's foreign minister said.
Hungary says it will block the EU's $106 billion loan to Ukraine until Russian oil resumes flowing through a key pipeline that Moscow damaged
Ukrainian officials said a Russian drone attack damaged the Druzhba pipeline, which carries Russian crude across Ukrainian territory and into Central Europe.
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