EU’s €90B plan to fund Ukraine in jeopardy as Hungary blocks deal
politico.eu • • world
Key Points:
- Hungary has threatened to block the EU’s €90 billion loan to Ukraine unless Russian oil transit through the Druzhba pipeline to Hungary resumes, escalating tensions ahead of Hungary’s upcoming elections.
- Prime Minister Viktor Orbán accuses Ukraine of politically motivated disruptions to oil and gas supplies, a claim Kyiv denies, attributing supply issues to Russian strikes on infrastructure.
- The veto threat jeopardizes critical funding for Ukraine, which faces dwindling financial resources from April, potentially weakening its war effort and position in peace negotiations with Russia.
- The European Commission and EU ambassadors are pushing for the loan’s approval, emphasizing the need for all member states to honor prior political agreements despite Hungary’s refusal to approve key budget measures.
- The dispute follows
