Mar 19 • 14:24 UTC 🇳🇴 Norway Aftenposten

Defeat for the EU – no from Orban on Ukraine loan

Hungary's Prime Minister Viktor Orban vetoed a significant loan to Ukraine during an EU summit, with only 25 out of 27 leaders supporting the necessary legal change for the loan.

During an EU summit, Hungarian Prime Minister Viktor Orban vetoed a crucial loan of 90 billion euros to Ukraine, blocking the support amidst increasing geopolitical tensions. Despite attempts to persuade him, only 25 out of 27 EU leaders agreed to the legal changes needed for the loan's approval. Notably, Slovakia also opposed the measure, highlighting divisions within the EU regarding financial assistance to Ukraine.

The veto directly impacts the EU's ability to disburse funds to Ukraine; the anticipated financing was slated to commence in April, which now appears unlikely. This decision not only affects Ukraine's financial stability but also complicates the EU's role in supporting a nation facing significant challenges due to ongoing conflict. Ukrainian officials expressed serious concerns about the repercussions of the blocked funds, particularly in terms of public sector wages and critical infrastructure repairs.

Galyna Mykhailiuk, a representative from President Volodymyr Zelensky's party, emphasized the dire consequences of the halted loan for Ukraine's civil sector. The loan was intended for essential expenses including salaries for healthcare professionals and teachers, as well as repairs for electricity networks, underlining the urgent need for financial support amid ongoing struggles. The situation poses significant questions about the EU's unity and effectiveness in responding to crises within its neighboring countries.

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