EU’s €90B plan to fund Ukraine in jeopardy as Hungary blocks deal

(Gregorio Sorgi and Bjarke Smith-Meyer – Politico) Hungary has thrown the EU’s planned €90 billion loan to Ukraine into crisis after threatening to block the deal until the flow of Russian oil resumes through the Druzhba pipeline. The Hungarian government issued the warning on Friday evening, as Prime Minister Viktor Orbán tries to weaponize anti-Ukraine sentiment ahead of a key election where he risks losing power after more than 15 years. “Ukraine is blackmailing Hungary by halting oil transit in coordination with Brussels and the Hungarian opposition to create supply disruptions in Hungary and push fuel prices higher before the elections,” Hungarian Foreign Minister Péter Szijjártó wrote on X. “We will not give in to this blackmail.” – EU’s €90B plan to fund Ukraine in jeopardy as Hungary blocks deal – POLITICO