EU close to signing off on critical 90bn loan for Ukraine after months of vetoing from Hungary Europe live
Briefly

EU close to signing off on critical 90bn loan for Ukraine after months of vetoing from Hungary  Europe live
"Ukraine's president Volodymyr Zelenskyy confirmed yesterday that the Druzhba pipeline, carrying Russian oil imports to Hungary and Slovakia, has been repaired and is ready to be used again."
"The loan had been originally agreed at the European Council in December, but after the pipeline was struck by a Russian missile and damaged, Hungary decided to block the payments until deliveries are restored."
"The incoming Hungarian government of Peter Magyar has maintained the view the previous administration's stance: deliveries must restart before Hungary will agree to the payout."
Ukraine's president confirmed the Druzhba pipeline is repaired and ready for oil flow. The EU is expected to approve a 90bn loan for Ukraine, previously blocked by Hungary. Hungary's outgoing prime minister delayed payments until oil deliveries resumed. The incoming government maintains this stance. EU ambassadors are meeting to discuss the loan disbursement, which is crucial for Ukraine's defense funding against Russia. The situation remains fluid as both sides negotiate.
Read at www.theguardian.com
Unable to calculate read time
[
|
]