US EditionEU Commits to Delivering €90 Billion Ukraine Loan Despite Hungary Veto
EU leaders plan to disburse the €90 billion loan to Ukraine by early April despite Hungary's veto tied to Russian oil pipeline dispute, with alternative funding methods considered.
- On March 20, European Commission President Ursula von der Leyen said the EU will find ways to deliver the 90 billion euro loan to Ukraine, despite Hungary's veto, and a joint statement expects the first disbursement by April.
- Viktor Orbán says his government will keep blocking the €90 billion loan until the Druzhba pipeline resumes Russian oil flows, which Ukraine says was damaged by a Russian strike in January. He insisted, 'I will never support any kind of decision here which is in favor of Ukraine.'
- Experts note individual European countries could provide guarantees instead of the joint budget, while Andrej Plenkovic, Croatia's Prime Minister, said 13 tankers carrying non-Russian oil are ready, with four docked and one and a half million tonnes moved via the Adria pipeline to Százhalombatta and Bratislava.
40 Articles
40 Articles
At the EU summit, Hungary is blocking billion-dollar Ukraine aid and bringing the European Union against it. Ursula von der Leyen and others are threatening Viktor Orbán with consequences. The conflict reveals deep cracks between Budapest and Brussels – but Orbán's fault is not alone.
At yesterday's EU summit in Brussels, Commission President von der Leyen and Chancellor Merz made it clear that they absolutely want to shoot Kiev the promised EUR 90 billion. The resistance from Budapest and Bratislava does not count. It is in the direction of a new break of the Union's treaties with announcement. It is about incomprehensible EUR 90 billion. Money, which is missing in Europe and especially in Germany at all corners and ends. Bu…
The European Union's resolve has been strengthened.
The chancellor speaks of an "act of gross disloyalty" and announces consequences. European Commission President von der Leyen says with a view to Ukraine: "We will deliver in one way or another."
Speaking to reporters after the summit in Brussels, Von der Leyen said the funds would be provided.
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