Mar 18 • 18:00 UTC 🇺🇦 Ukraine Ukrainska Pravda

Germany’s Merz calls for urgent disbursement of €90bn EU loan to Ukraine

German Chancellor Friedrich Merz urges immediate release of a €90 billion EU loan to support Ukraine amidst ongoing tensions with Russia.

In a recent statement, German Chancellor Friedrich Merz called for the immediate disbursement of a €90 billion loan that the European Union has already agreed upon to assist Ukraine. Merz's remarks highlight the urgency of financial support for Ukraine as the country continues to navigate the challenges posed by the Russian invasion and the ongoing conflict. He emphasized that swift action is required to ensure that the funds reach Ukraine, which is in desperate need of financial resources to stabilize and rebuild its economy.

Additionally, Merz stressed the importance of adopting the 20th package of sanctions against Russia promptly. His statement comes at a time when Hungary, led by Foreign Minister Péter Szijjártó, continues to block this sanctions package and the financial aid due to its demands regarding oil transit issues. The blockade reflects Hungary's domestic political situation as the nation prepares for parliamentary elections, creating tensions within the EU regarding collective responses to the ongoing crisis in Ukraine.

Merz criticized Hungary's stance, suggesting that internal political maneuvering should not hinder EU solidarity in supporting Ukraine. His comments underline a significant divide within the EU, as member states grapple with differing priorities and political agendas. The outcome of these discussions will be critical not only for Ukraine's immediate financial needs but also for the broader strategy of the EU in responding to Russian aggression and maintaining unity among its members.

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