US EditionEU Leaders Pile Pressure on Hungary's Orban to Lift Block on Ukraine Loan
Hungarian Prime Minister Viktor Orbán links approval of €90 billion Ukraine loan to repair of the Druzhba pipeline, using veto as leverage amid April elections, EU leaders say.
- European Union leaders are pressuring Hungarian Prime Minister Viktor Orban to lift his blockade on a vital 90-billion-euro EU loan to Ukraine decided at the European Council level.
- Orban has linked the loan to the reopening of the Druzhba oil pipeline, stating 'If there is no oil, there is no money.'
- Ukrainian President Volodymyr Zelenskyy called the obstruction unfair and emphasized the necessity of the funds to strengthen Ukraine's army amid the war.
- German Chancellor Friedrich Merz criticized the blockade as politically motivated and urged the EU to agree quickly on sanctions and the loan.
271 Articles
271 Articles
EU leaders clash with Orbán over Hungary’s veto on Ukraine loan
BRUSSELS — European Union leaders voiced their anger at Hungarian Prime Minister Viktor Orbán over his blockade of a new €90 billion ($104 billion) loan for Ukraine despite an earlier commitment. Read more...
EU Leaders Rebuke Hungary’s Orbán Over Blocked 90 Billion Euro Ukraine Loan
by Stefan J. Bos, Worthy News Europe Bureau Chief BRUSSELS/BUDAPEST (Worthy News) – European Union leaders condemned Hungarian Prime Minister Viktor Orbán’s decision on Thursday to block a 90 billion euro ($98 billion) loan for Ukraine, linking his stance to a dispute with Kyiv over Russian oil supplies. Orbán said he would not support the loan unless Ukraine allows the resumption of oil deliveries to Hungary via the Soviet-era Druzhba (“Friends…
Hungary blocks EU pipeline loan to Ukraine
Hungary’s leader blocked a $104 billion EU loan to Kyiv, ostensibly over repairs to an oil pipeline in Ukraine but which critics characterized as political grandstanding ahead of a tight election at home next month. Viktor Orbán has demanded access to Russian oil in exchange for Budapest’s support, a move Germany’s chancellor slammed as a “gross act of disloyalty.” Analysts and diplomats said that Orbán was maneuvering for a domestic audience, w…
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