The Council of the EU has approved two legislative acts for a €90 billion loan to Ukraine, while Hungary has blocked key amendments to the EU budget necessary for the loan's implementation.
On February 24, the Council of the EU approved two legislative acts aimed at facilitating a €90 billion loan to Ukraine for the years 2026-2027. This funding is critical for supporting Ukraine amidst intensified Russian military operations and growing humanitarian needs. Marilena Raouna, Deputy Minister for European Affairs, stated that these regulations were formally adopted, highlighting the EU's commitment to assist Ukraine during its ongoing crisis.
However, the approval of a third document concerning essential amendments to the EU's long-term budget remains stalled due to Hungary’s opposition. This blockage poses a significant challenge to the full execution of the proposed loan, potentially delaying financial support that is crucial for Ukraine's recovery and stability in the face of ongoing conflict.
The situation emphasizes the complexities within the EU's decision-making processes, particularly how individual member states can influence collective action. As Russia continues its military assault and humanitarian crises escalate, the EU's ability to provide timely and effective support to Ukraine may be hindered, underscoring the need for a unified approach among member countries.
