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EU Moves Forward with €90 Billion Ukraine Loan Despite Hungary's Veto

2/24/2026

Summary

Story summary

European Union (EU) will prepare a €90 billion loan to Ukraine, despite Hungary's veto.
Hungary's Minister Péter Szijjártó accused Ukraine of blackmail and tied the veto to Druzhba oil halt after a Russian strike.
Valdis Dombrovskis, European Commissioner, said Hungary's refusal will not threaten timeline because the EU will raise funds independently.
Hungary's resistance hinders consensus on a Russia sanctions package, which member states hoped to finalize by February 24.

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Story summary

European Union (EU) will prepare a €90 billion loan to Ukraine, despite Hungary's veto.
Hungary's Minister Péter Szijjártó accused Ukraine of blackmail and tied the veto to Druzhba oil halt after a Russian strike.
Valdis Dombrovskis, European Commissioner, said Hungary's refusal will not threaten timeline because the EU will raise funds independently.
Hungary's resistance hinders consensus on a Russia sanctions package, which member states hoped to finalize by February 24.