Feb 23 • 14:49 UTC 🇺🇦 Ukraine Ukrainska Pravda

European Commission expects Orbán to honour pledge on €90bn Ukraine loan

The European Commission anticipates that Hungary's Prime Minister Viktor Orbán will fulfill his commitment regarding a €90 billion EU loan to Ukraine, originally discussed during a European Council meeting.

The European Commission has conveyed its expectations for Hungarian Prime Minister Viktor Orbán to honor a prior commitment concerning a €90 billion loan to Ukraine. This pledge was made at the European Council meeting on December 19, implying Hungary's involvement in assisting Ukraine financially during its ongoing crisis. The funds are intended for the years 2026-2027 as a part of broader European support to Ukraine, especially in light of its security and economic challenges due to the ongoing conflict with Russia.

European Commission Chief Spokesperson Paula Pinho reaffirmed that the loan agreement was predicated on the fulfillment of certain conditions set by the European Council, including the requirement that three member states would not contribute financially to the program. With those conditions now satisfied, the Commission is optimistic that all EU leaders, including Orbán, will adhere to their commitments. Pinho underscored the importance of this cooperation, framing any failure to follow through with the agreement as a significant breach of the principle of sincere cooperation among EU member states.

The ongoing situation underscores the complex dynamics within the EU regarding support for Ukraine. Hungary's position is especially noteworthy given its government’s vocal criticisms of the EU in the past. The outcome of this situation won't only impact Ukraine's recovery efforts but could also influence Hungary's relations within the EU, highlighting the delicate balance between national interests and collective European solidarity in addressing pressing geopolitical challenges.

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