EU agrees to unblock 90bn loan for Ukraine after Hungary lifts veto
Briefly

EU agrees to unblock 90bn loan for Ukraine after Hungary lifts veto
"The EU agreed in December on the loan, vital to keep Ukraine afloat this year and next, but Hungary's outgoing prime minister, Viktor Orban, backed by Slovakia, vetoed it in March because of a dispute with Kyiv over a damaged oil pipeline."
"Hungary's MOL oil firm said early on Wednesday afternoon it had been told by Druzhba's Ukrainian operator that crude oil was arriving via the pipeline from Belarus and was expected in Hungary and Slovakia by tomorrow at the latest."
"Zelenskyy said Ukraine was fulfilling its obligations in its relations with the EU, including on the Druzhba pipeline, and it was now important that the European support package becomes operational swiftly."
EU member states have reached an agreement to unblock a €90 billion loan for Ukraine and implement a new sanctions package against Russia. This decision follows Hungary's lifting of its veto after Ukraine resumed oil pumping through the Druzhba pipeline. The loan is crucial for Ukraine's financial stability, and the formal approval process is set to conclude by Thursday. Ukraine's president emphasized the importance of European support and fulfilling obligations regarding the pipeline, which has been a focal point of tension between Ukraine and Hungary.
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