Mar 20 • 09:52 UTC 🇱🇻 Latvia TVNET

Von der Leyen promises to find ways to disburse 90 billion euros in loans to Ukraine

European Commission President Ursula von der Leyen announced that the EU will find ways to disburse the promised 90 billion euros in loans to Ukraine despite opposition from Hungary.

European Commission President Ursula von der Leyen stated on Friday that the European Union will ensure the disbursement of the promised 90 billion euros in loans to Ukraine, overcoming resistance from Hungary. She made her remarks following a summit in Brussels where EU leaders failed to convince Hungarian Prime Minister Viktor Orbán to lift his block on the crucial loan to Ukraine. The EU leaders condemned Hungary's unacceptable opposition, highlighting the importance of honoring commitments made to Ukraine in the face of ongoing challenges due to the conflict with Russia.

At the summit, President of the European Council António Costa emphasized the necessity of fulfilling agreements, stating, 'An agreement is an agreement; we must deliver on our promises. No one can blackmail the European Council.' He expressed strong support for Ukraine and urged the EU to stand together against any member state that challenges common commitments. Germany's Chancellor Friedrich Merz echoed this sentiment, labeling Orbán's veto as an unprecedented act of serious disloyalty among member states, indicating that such actions may have lasting repercussions within the union.

Furthermore, the bloc is now tasked with finding innovative paths to ensure the funds are allocated, as failure to do so could undermine the EU's credibility in supporting Ukraine. The ongoing situation showcases the tensions within the EU regarding unity and collective action, notably in light of Hungary's assertive stance amidst broader geopolitical pressures. This incident not only affects Ukraine’s financial recovery but also has implications for EU solidarity and cohesion moving forward.

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