Hungary Poses Unexpected Hurdle to Europe’s 90-Billion Euro Loan to Ukraine
The New York Times • • general
Key Points:
- Hungary has raised an objection to the European Union’s plan to loan €90 billion to Ukraine, causing a delay in the funding process during a meeting of EU ambassadors.
- The loan plan involves issuing debt backed by the EU budget to provide financial support to Ukraine.
- Hungarian Foreign Minister Peter Szijjarto confirmed Hungary's opposition, linking it to the suspension of oil transit via the Druzhba pipeline, which supplies Russian crude oil to Hungary and Slovakia.
- The Druzhba pipeline has experienced disruptions following what Ukraine describes as a Russian attack, while Hungary and Slovakia accuse Ukraine of deliberately restricting oil supplies.
- Hungary accuses Ukraine of using the oil transit halt as a form of blackmail in coordination with Brussels and insists it
