Ukraine will get $105 billion loan after Hungary drops opposition, E.U. says
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Ukraine will get $105 billion loan after Hungary drops opposition, E.U. says
"The loan is moving forward after its main opponent, Hungarian Prime Minister Viktor Orban, lost his campaign for reelection this month. The money will provide a crucial lifeline to Kyiv, helping to finance its government and fight Russia's ongoing invasion."
"Orban accused Ukraine of intentionally delaying the resumption of oil deliveries - a charge that Kyiv denied. Regardless of the uncertainty over the speed of the repairs, there had been persistent tension between Ukraine and Hungary."
"On Sunday, Orban said that he was not opposed to lifting Hungary's veto. 'Once oil deliveries are restored, we will no longer stand in the way of approving the loan,' he wrote on X."
The European Union is set to approve a $105 billion loan for Ukraine after Hungary lifted its veto, following the defeat of Prime Minister Viktor Orban. The loan is essential for Ukraine's government financing and efforts against Russia's invasion. Hungary had previously blocked the loan due to issues with oil deliveries through the Druzhba pipeline, which was damaged in a Russian airstrike. Orban's recent electoral defeat has led to a potential thaw in relations between Ukraine and Hungary, with Orban indicating he would no longer oppose the loan once oil deliveries are restored.
Read at The Washington Post
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