Story perspectives

EU Approves €90 bn Ukraine Loan, Hungary Lifts Oil Veto

4/23/2026

Summary

Story summary

Hungary removed its veto after MOL said Ukraine will restart oil deliveries via the Druzhba pipeline to Hungary and Slovakia.
EU ambassadors approved a €90 billion loan for Ukraine and a Russia sanctions package, with 27 members signing by Thursday.
The loan will fund two-thirds of Ukraine’s budget for the next two years, earmark €17 billion for health, education and items, and fund defence.
EU will not reinstate gas caps, windfall-profit taxes.

History

Historical Context

In 2014, the European Union imposed sanctions on Russia following its annexation of Crimea, targeting Russian oil companies and impacting energy supplies. These sanctions were part of a broader strategy to alter Russia's aggressive policies. Recently, Hungary's removal of its veto has allowed Ukraine to resume oil deliveries via the Druzhba pipeline, highlighting ongoing geopolitical shifts and the EU's commitment to supporting Ukraine with a €90 billion loan.

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Story summary

Hungary removed its veto after MOL said Ukraine will restart oil deliveries via the Druzhba pipeline to Hungary and Slovakia.
EU ambassadors approved a €90 billion loan for Ukraine and a Russia sanctions package, with 27 members signing by Thursday.
The loan will fund two-thirds of Ukraine’s budget for the next two years, earmark €17 billion for health, education and items, and fund defence.
EU will not reinstate gas caps, windfall-profit taxes.

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