Hungary could unlock €90 billion for Ukraine as soon as this week
Photo: Viktor Orbán, Hungary’s Prime Minister (facebook.com/orbanviktor)
EU ambassadors are set to consider on Wednesday, April 22, the final procedural step required to approve a €90 billion loan for Ukraine, according to Suspilne and DW.
A spokesperson for the Cypriot presidency of the Council of the EU said that the presidency had placed an amendment to the regulation on the Multiannual Financial Framework (MFF) — the last element needed to grant Ukraine the €90 billion loan — on the agenda of the EU ambassadors’ meeting scheduled for Wednesday, April 22, to be adopted without discussion.
DW noted that including an item on the agenda without discussion typically means that EU countries have already reached a preliminary agreement.
After approval, the document is to be adopted through a written procedure, followed by its final adoption.
Loan for Ukraine
In late 2025, EU leaders agreed to provide Ukraine with a €90 billion loan.
However, after Russia damaged the Druzhba pipeline, Hungary began blocking the loan. Prime Minister Viktor Orbán had said that Budapest would not lift its veto until Ukraine restored the pipeline’s operation.
In Hungary’s recent elections, Orbán suffered a decisive defeat to his main rival, Péter Magyar.
Magyar has also called on Ukraine to restore the pipeline, which supplies Hungary with Russian oil.
