Hungary has declared its intention to block the European Union's planned 90 billion euro loan to Ukraine, which is critical for the country's financial needs and military support in the coming years. This decision, announced by Hungarian Foreign Minister Peter Szijjarto, ties the loan's approval to the resumption of Russian oil flows through the Druzhba pipeline, a vital energy link for Hungary that has been disrupted. With the anniversary of Russia's full-scale invasion approaching, Hungary's stance underscores its alignment with Kremlin interests amidst increasing tensions in the region.

The Ukraine Support Loan was initially approved in December 2025, with intentions to assist Ukraine in meeting its financial obligations for 2026 and 2027. Of the total proposed funds, 30 billion euros is earmarked for budgetary support, while 60 billion euros is allocated for military needs to bolster Ukraine against Russian aggression. The blocking of these funds poses a significant threat to Ukraine’s fiscal stability, potentially leading the country to financial collapse by mid-2026 if alternative support is not found.

Hungary's decision to use the loan as a lever for its own energy demands showcases the complex interplay of local and international politics in the EU, particularly regarding energy security and the ongoing conflict in Ukraine. As one of the EU members maintaining a pro-Kremlin stance, Budapest's actions may further strain its relations with other EU states, raising questions about the unity and effectiveness of the bloc in supporting Ukraine during this critical time.