Zelensky urges EU to bypass Hungary’s ‘blackmail’ veto on vital US$103 billion loan
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Ukrainian President Volodymyr Zelensky has called on the European Union to circumvent Hungary's veto of a €90 billion (US$103 billion) loan crucial for Ukraine's financial stability. Speaking in Madrid on Wednesday, Zelensky emphasized the importance of resolving the issue at the upcoming EU summit in Brussels on Thursday and Friday. Hungary, led by Prime Minister Viktor Orban, is blocking the loan, partly due to a damaged pipeline that supplies Russian oil to the country. Ukraine claims the Druzhba pipeline was damaged by Russian strikes in January, and the EU has offered to send experts to assist with repairs. Zelensky previously described Hungary's stance as "blackmail," arguing that the loan agreement, which extends to the end of 2025, should be honored.
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