Feb 23 • 16:01 UTC 🇺🇦 Ukraine Ukrainska Pravda

Council of EU will approve two legislative acts for €90bn Ukraine loan despite Hungary's objections – EU commissioner

The Council of the EU is expected to approve two legislative acts to enable a €90 billion loan to Ukraine, overcoming Hungary's objections on a related document.

The Council of the European Union is poised to approve two legislative acts that will facilitate the disbursement of a €90 billion loan to Ukraine. This decision is scheduled for 24 February, aiming to move forward with the necessary technical preparations despite Hungary's objections regarding a third connected document. Valdis Dombrovskis, the European Commissioner for Economy, indicated that these legislative steps are crucial for supporting Ukraine during its ongoing conflict and economic recovery efforts.

Hungary's refusal to endorse one of the required acts does not deter the European Commission from proceeding with plans to disburse the first tranche of the loan, which is anticipated in April 2026. Dombrovskis emphasized the importance of finalizing the Ukraine Support Loan regulation, stating that the political decision-making process is nearing completion. This legislative approval reflects the EU's commitment to aiding Ukraine amidst adversity, despite individual member states' disagreements.

The implications of this decision are far-reaching, as it not only demonstrates the EU's dedication to supporting Ukraine but also highlights internal divisions among member states, particularly concerning Hungary's position. The ability to move forward with the loan is a testament to the EU's structured response to unprecedented challenges, underscoring the importance of unity in the face of geopolitical threats and economic instability in the region.

📡 Similar Coverage