Zelenskyy calls for EU to bypass Hungary's veto on €90bn loan package
On Wednesday, Ukraine president Vladimir (Volodia) Zelenksy urged European Union leaders unblock a 13 billion euro support program before the crunch meeting in Madrid today said he believes almost all member states recognize that blockade is unjustified while Hungary's Viktor Orban has been blocking loan due to closed pipeline supplying his country with Russian oil.
Key Points
-
1Ukrainian President Vladimir (Volodia) Zelenksyj urged EU leaders to unblock a €90 billion support package for Kyiv, stating there is no alternative.
-
2Zelensky characterized Hungary's veto on the loan as blackmail and unjustified rather than an act of coercion or exploitation in his recent statements.
-
3Hungarian Prime Minister Viktor Orban has been blocking vital loans to Ukraine due to concerns over a closed pipeline supplying Russian oil.
Developments
Perspectives
Zelenskyj zmiernil slovník a vyzval EUţ na odblokovanie uveru (Sita.sk)
'No alternative' to €90bn loan, says Zelenskyy before crunch Eu summit
— EuractivUkrainian President Volodymyr Zelenskyy stated that almost all EU member states recognize the blockade of a previously agreed-upon €90 billion loan for Kyiv as unjustified due to Hungary's refusal to ratify it. He emphasized there is no alternative but urged leaders in Madrid and elsewhere to resolve this issue before implementation fails, noting the package includes approximately €60 billion for defense support alongside macro-financial assistance.
Ukrainian President Volodymyr Zelenskyy urged EU leaders in Madrid to unblock a stalled €90 billion loan for Kyiv that is currently vetoed by Hungary due to demands over the Druzhba pipeline repair. He stated there are no alternatives and warned of potential consequences if funding implementation fails, noting almost all other member states consider this blockade unjustified while emphasizing its critical importance as Ukraine's financial lifeline.
Ukrainian President Volodymyr Zelensky urged European Union members to bypass Hungary's veto on a €90 billion loan, which he described as blackmail because it is tied to the closure of Russia-supplied oil in Ukraine. Hungarian Prime Minister Viktor Orban has blocked funding partly due to damage inflicted by Russian strikes at Druzhba pipeline that supplies his country with energy and an agreement reached before 2025 was not honored for its delivery timeline.