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EU Set to Unlock €90 Billion for Ukraine After Hungary Power Shift
11 Articles
11 Articles
How the EU Plans to Deliver a €90 Billion Lifeline to Ukraine
A 90 billion euro ($105 billion) European Union loan for Ukraine, previously blocked by Hungary under Prime Minister Viktor Orban, may be revived following Orban’s election defeat this month and the resumption of Russian oil deliveries to Hungary. Last December, EU leaders agreed to jointly borrow funds to support Ukraine’s defense against Russia, potentially using […] The post How the EU Plans to Deliver a €90 Billion Lifeline to Ukraine appear…
The first payments of this loan have so far been blocked by Hungary, but the change of guard at the head of the country seems to be making a difference.
The European Union's business ministers met this Tuesday in Luxembourg with the first item on the agenda of the war in Ukraine. Peter Magyar's victory over Viktor Orban during the legislative elections ten days ago gave Europeans hope for the lifting of the Hungarian mortgage on support for Ukraine. The Ukraine had been promised a loan of €90 billion for this spring from the December European summit, which was blocked at the last summit, but the…
The European Union hopes to soon approve a 90 billion euro loan to Ukraine that has been stalled due to Hungarian opposition.
Fallen Orbán, ends the impasse: Kiev will have the 90 billion needed to survive, Hungary returns to receive Russian fuel. Attacks to Meloni, the Moscow ambassador in theory disassociates but goes to counterattack: "Wrong to make it a diplomatic case"
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