EU unblocks €90bn loan to Ukraine after pipeline repair and political change in Hungary
The European Union has initiated the final procedures to release a €90 billion loan to Ukraine following the repair of a key oil pipeline and a change in Hungary's political leadership.This development comes after months of deadlock caused by Hungary's veto linked to the suspension of Russian oil transit through Ukraine's Druzhba pipeline.Hungary had previously blocked the loan agreement, citing concerns over the halted transit of Russian oil through the Druzhba pipeline, which was damaged by Russian strikes.The outgoing Hungarian Prime Minister, Viktor Orbán, accused Ukraine of sabotaging the pipeline transit, demanding the resumption of oil flows before approving the... [Continue Reading]
360LiveNews | 22 Apr 2026 12:31 LONDON
