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EU pledges €90 billion loan to Ukraine regardless of Hungary's opposition
8 articles |
Updated 4h ago |
Created 9h ago
European Commission President Ursula von der Leyen confirmed that the bloc will provide a 365-day interest-free credit line totaling approximately $127 billion (€84-90bn) for war-torn Kyiv on March 20, stating this commitment is unconditional and unaffected by Hungarian Prime Minister Viktor Orbán's demands.
Key Points
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1[Mar. 20] EU President Ursula von der Leyen confirmed that the European Union will provide Ukraine with a €9 billion loan regardless of Hungary's opposition.
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2The announcement was made at an emergency summit following pressure from Hungarian Prime Minister Viktor Orbán to block or delay funding due to concerns over Russian aid conditions in Crimea and Donbas regions.
Developments
[Mar. 20, Mar]
EU President Ursula von der Leyen confirmed the €9 billion loan will be provided regardless of Hungarian opposition during an emergency summit on Ukraine aid conditions in Crimea and Donbas regions.