"The European Union is expected to sign off on a 90-billion-euro loan for Kyiv after a months-long standoff over the stalled operations of a war-damaged pipeline transporting Russian oil via Ukraine to Europe."
"Hungary lifted its longstanding veto on the EU loan, with the bloc's 27 member states now expected to formally sign off on it by Thursday."
"Ukraine's prospects of receiving the loan had already improved when Orban lost Hungary's parliamentary election on April 12, allowing for a shift in the country's stance towards EU funds."
Hungary's lifting of its veto enables the European Union to approve a 90-billion-euro loan for Ukraine. This decision follows the resumption of Russian oil deliveries through the Druzhba pipeline to Hungary and Slovakia. EU diplomats have given preliminary approval for the loan, which aims to support Ukraine's liquidity through 2026 and 2027. The situation improved after Hungary's recent parliamentary election, where the new leadership signaled a willingness to unblock the funds. The loan is expected to be formally signed off by the EU soon.
Read at www.aljazeera.com
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