The funding was released after Viktor Orbán lost Hungary's election, ending months of blockage over Kyiv's urgent plans to buy and produce weapons within a year.
Zelensky has also pursued drone and defence ties with Saudi Arabia, the UAE, Qatar, Germany and Norway, seeking new markets, technology partnerships and air-defence support as US supplies tighten.
Kyiv hopes the stronger finances and alliances improve its hand before any Russia peace talks, though Trump administration engagement remains uncertain and Moscow has intensified attacks while ceasefire prospects stay unclear.
As Ukraine becomes a key security provider to Gulf states, is it reshaping global alliances and the arms trade?
Can Ukraine secure a lasting peace with Russia without direct and decisive American involvement?
With the Strait of Hormuz closed and Russian oil targeted, is the world on the brink of a historic energy crisis?
How the EU’s €90 Billion Loan Secures Ukraine’s War Effort Amid Political Divisions and Financial Risks
Overview
In April 2026, the EU approved a €90 billion loan for Ukraine after Hungary lifted its veto following a political change and Ukraine's agreement to resume oil supplies via the Druzhba pipeline. The loan, split between military aid and budget support, is vital to prevent Ukraine's fiscal collapse and sustain its defense efforts. Repayment depends on Russia paying war reparations, with the EU reserving frozen Russian assets as a backup. The loan also enforces a 'Made in Europe' rule to strengthen European defense industries while supporting Ukraine's innovation. Despite internal EU divisions and opt-outs, this package signals strong European unity and commitment to Ukraine amid ongoing geopolitical tensions.