All articles tagged with #eu loan
Ukraine says its frontline is the strongest in a year thanks to drone superiority and air defense, with ISW data showing Russia gained almost no territory in March; Kyiv seeks a Zelensky-Putin meeting with Turkey mediating, while the EU approves a €90 billion loan for Kyiv after Hungary lifts its veto, and Russia continues strikes in Dnipro, Syzran and Odessa.
The EU is poised to approve a 90-billion-euro loan to Ukraine after the Druzhba pipeline resumed delivering Russian oil to Hungary and Slovakia, enabling Hungary to lift its veto. First shipments are expected within 24 hours, with formal approval by the 27-member bloc anticipated soon while a new round of sanctions on Russia is considered. The loan aims to keep Kyiv solvent through 2026–27, and Druzhba’s capacity stands at about 1.2–1.4 million barrels per day, potentially rising to 2 mbpd.
Ukraine says it completed repairs on the Druzhba oil pipeline damaged by a Russian strike and that transit is ready to restart on April 22, with initial shipments split between Hungary and Slovakia. Zelensky framed the restart as clearing obstacles to Kyiv’s roughly 90 billion euro EU loan, which Hungary had blocked over transit issues; EU officials signaled a positive loan decision could come soon as the pipeline resumes, a move that would ease energy supply reliance for Hungary and Slovakia that depend heavily on Druzhba’s southern leg.
Russian oil resumed flowing through Ukraine’s section of the Druzhba pipeline, allowing Hungary to lift its veto on a 90 billion euro EU loan to Kyiv; EU ambassadors approved the loan to help Kyiv stay funded through 2026–27, aided by Hungary’s post‑election shift and Slovakia’s prior objections over pipeline repairs.
Ukraine says it has completed repairs on the Druzhba pipeline damaged by Russian strikes, allowing oil to resume to Hungary and Slovakia and clearing the way for a €90 billion EU loan, with EU officials expecting a formal agreement soon and Kyiv continuing to press for stronger sanctions on Russia and diversified energy supplies.
Ukraine expects the Druzhba oil pipeline to resume this week, potentially clearing EU approval for a €90 billion Ukraine Support Loan, with technical conditions in place and EU ambassadors ready to vote if flows restart in time. The loan would cover 2026–2027, with funds possible from May after Commission checks; Hungary had blocked the loan, with Viktor Orbán saying he would lift opposition once Druzhba transit is restored after January’s Russian strike damaged the line.
Hungary’s Viktor Orban loses the prime ministership, ending a pro-Russia tilt that blocked Kyiv’s roughly 90 billion euro EU loan. Kyiv hopes the disbursal will ease its war-time finances, but the longer-term impact remains uncertain as the new government signals a more cautious approach toward Ukraine and EU integration.
French far-right leader Marine Le Pen praised Viktor Orbán for blocking the EU’s €90 billion loan to Ukraine, arguing France’s high deficit and debt mean it cannot afford further loans. Speaking in Budapest at a Patriots for Europe gathering with other far-right leaders, she urged France to protect its finances and keep money for its citizens, while maintaining distance from the world’s great powers. The event came ahead of Hungary’s April 12 election, with Le Pen signaling strong support for Orbán.
Hungary will block the EU’s 90-billion-euro loan to Ukraine until Russian oil resumes flowing through the Druzhba pipeline, after supplies were interrupted by what Kyiv called a Russian drone attack. Budapest and Bratislava had exemptions from the EU oil ban and accuse Ukraine of obstructing shipments, with Hungary warning it will veto EU decisions favorable to Kyiv. The move comes amid broader tensions over Ukraine aid, as Slovakia threatens electricity cuts and a deal on the loan was reached with some protections for member states.
Zelenskyy announces a state of emergency in Ukraine's energy sector to shore up power and heating after heavy Russian attacks, with increased imports, around-the-clock repair crews, and the possibility of curfews as night temperatures fall toward -20C; Kyiv pledges a coordination HQ and rapid action, while critics say more prep is needed compared with Kharkiv. Separately, the EU is considering a €90bn loan to allow Ukraine to buy weapons from non-European suppliers, alongside defence challenges and sanctions on Russia's energy sector.
The European Commission proposed a €90 billion, two-year, interest-free loan to Ukraine to stave off financial collapse as it fights Russia, with about one-third for normal budgets and the rest for defense; it would be financed by EU joint debt, allow Ukraine to buy foreign weapons if needed with EU defense firms favored, and tie repayments to post-war reparations or frozen Russian assets, though several member states balk at participation; disbursements could start in April to unlock IMF support as U.S. aid wanes.
Russian missile strikes near Odesa kill seven and injure 15, amid ongoing conflict and Ukraine's efforts to secure financial and territorial resilience, including a €90bn EU loan. US intelligence suggests Putin aims to reclaim Ukraine and parts of Europe, contradicting claims of a desire to end the war, as international talks in Miami seek a peace plan.
Ukrainian President Zelenskyy met with Polish President Nawrocki in Warsaw to strengthen regional security cooperation amid ongoing tensions with Russia. The EU approved a €90 billion loan to Ukraine, funded from the EU budget despite opposition from some member states and Russia's disapproval of using frozen Russian assets. Ukraine claimed to have struck a Russian 'shadow fleet' tanker in the Mediterranean, marking a significant military operation. Russia's Putin expressed skepticism about Ukraine's readiness for peace talks, while also criticizing the EU's decision to fund Ukraine's war effort from frozen Russian assets. The situation remains tense with ongoing military and diplomatic developments.
Hungary has agreed not to block a significant EU-backed interest-free loan to Ukraine, with conditions excluding Hungary, Slovakia, and the Czech Republic from debt guarantees. The EU considered using frozen Russian assets to fund Ukraine but faced complexities and political challenges, leading to a traditional loan agreement. Meanwhile, tensions persist with Russia, including cyber-attacks attributed to Moscow, and ongoing military strikes near Odesa. The US and UK continue to support Ukraine through diplomatic efforts and sanctions against Russian entities.
EU leaders agreed on a €90bn loan to Ukraine funded by the EU budget, without using Russia's frozen assets as collateral, amid disagreements over guarantees and reparations, aiming to support Ukraine's urgent financial needs in its conflict with Russia.