EU Approves €90bn Ukraine Loan After Hungary Drops Veto
Updated
Updated · The Philadelphia Inquirer · Apr 23
EU Approves €90bn Ukraine Loan After Hungary Drops Veto
55 articles · Updated · The Philadelphia Inquirer · Apr 23
The European Union has approved a €90 billion ($105 billion) loan package for Ukraine after Hungary lifted its veto.
The decision follows the resumption of Russian oil flows through Ukraine’s Druzhba pipeline to Hungary and Slovakia, ending months of political deadlock.
The loan will support Ukraine’s economy and military, while the EU also adopted its 20th sanctions package against Russia amid ongoing conflict.
With €90 billion secured, can Ukraine’s new energy strategy survive another winter of attacks?
Can the EU's 20th sanctions package finally cripple Russia's resilient war economy?
Will Hungary's new pro-EU stance last beyond unfreezing its €32 billion in blocked funds?
Is the EU risking a wider economic conflict by sanctioning Chinese firms aiding Russia?
What is the EU’s plan for the environmental risk from Russia's uninsured 'shadow fleet'?
Is economic leverage, not diplomacy, the real key to EU foreign policy unity?
Breaking the Deadlock: Hungary Lifts Veto, Enabling €90B EU Loan and New Sanctions Against Russia
Overview
In late April 2026, the European Union approved a €90 billion loan to support Ukraine’s defense and economy, ending a months-long veto by Hungary. This breakthrough followed Hungary’s political shift after Viktor Orbán’s defeat and the repair of the crucial Druzhba oil pipeline, which had been damaged by Russian attacks. The new Hungarian leadership lifted the veto, enabling EU unity. Concurrently, the EU imposed a major sanctions package targeting Russia’s energy exports and financial networks to weaken its war economy. These coordinated actions mark a renewed European commitment to Ukraine’s resilience and a strategic effort to pressure Russia amid ongoing conflict.