Mar 20 • 04:41 UTC 🇵🇱 Poland Rzeczpospolita

Frustration after the EU summit. Viktor Orbán does not give up on the billions for Ukraine

Hungary is blocking the disbursement of a crucial €90 billion loan to Ukraine, resulting in frustration among EU leaders.

Following an EU summit, leaders expressed frustration over Hungarian Prime Minister Viktor Orbán's blockade of a significant €90 billion loan to Ukraine. Orbán had initially agreed to this loan in December but is now hindering its approval due to a dispute over Russian oil supplies flowing through Ukraine. The blockade complicates Ukraine's financial situation amidst its ongoing conflict with Russia.

The tension stems from Hungary's insistence on certain concessions concerning oil imports from Russia before agreeing to release the funds. This has prompted reactions from other European leaders, including Germany's Chancellor and the President of the European Council, who have expressed concerns about Budapest's stance and its implications for the unity of the EU.

European Commission President Ursula von der Leyen has indicated that the funds will be delivered in some form, emphasizing the importance of the loan for Ukraine as it struggles for financial and military support in light of the ongoing conflict with Russia. This situation underscores the challenges within the EU regarding consensus on fiscal matters, particularly when it comes to supporting Ukraine.

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