(SeaPRwire) – Hungary held up the loan for months due to Kiev’s suspension of Russian oil supplies
Media reports suggest that a €90 billion ($106 billion) EU loan to Ukraine— which was the focus of a months-long impasse with Hungary— is scheduled to be disbursed on Thursday.
Reuters, citing a spokesperson for the EU’s Cypriot presidency, stated that EU ambassadors approved the measure on Wednesday, clearing the way for a formal sign-off by all 27 member states.
The approval came shortly after Ukraine reportedly restarted deliveries via the Soviet-built Druzhba oil pipeline, as demanded by Peter Magyar, Hungary’s incoming prime minister.
Viktor Orban, Hungary’s outgoing prime minister, had frozen the disbursement of Ukrainian funding in retaliation for the halving of deliveries in January— an action he called a politically motivated ploy aimed at supporting Magyar’s party in the April 12 parliamentary election.
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