EU close to signing off on critical €90bn loan for Ukraine after months of vetoing from Hungary – Europe live

The EU is nearing approval of a crucial €90 billion loan for Ukraine after months of Hungarian opposition. Member states are meeting to discuss the loan, which has been delayed due to disagreements between Kyiv and outgoing Hungarian PM Viktor Orbán. The breakthrough follows Ukraine's confirmation that the Druzhba pipeline, vital for Russian oil imports to Hungary and Slovakia, has been repaired. EU officials anticipate a positive decision on the financial aid package within the next 24 hours. The loan is considered critical for Ukraine's continued stability and defense efforts.

Following Viktor Orban's ouster in Hungary, the EU anticipates progress on stalled foreign policy initiatives. Orban's government had previously blocked a 90-billion-euro loan to Ukraine and sanctions against violent Israeli settlers. Cyprus, holding the EU presidency, expects the Ukraine loan to be agreed upon at a Wednesday meeting, with a budget amendment and final adoption to follow swiftly. Orban had used the loan as leverage in a dispute with Kyiv over Russian oil supplies. The new Hungarian leader, Peter Magyar, has signaled a willingness to cooperate with the EU and called for the reopening of the Druzhba pipeline, suggesting a shift in Hungary's approach to these issues.

The EU is relieved by Viktor Orbán's defeat in Hungary, hoping it will lead to a shift in the country's stance on key EU policies. Péter Magyar's victory raises questions about Hungary's future support for Ukraine, particularly regarding a €90 billion loan and sanctions against Russia. While Magyar has expressed willingness to support the loan under certain conditions, his views on Ukraine's EU accession and the long-term impact of sanctions are causing concern, especially among countries like Poland and the Baltics. The EU aims to work with the new Hungarian government to address these issues, including energy dependence on Russia, with the goal of phasing out Russian energy imports by 2035. The appointment of Anita Orbán as foreign minister is expected to play a central role in shaping Hungary's foreign policy.

Peter Magyar's recent election victory in Hungary signals a potential shift in the country's relationship with the European Union. Magyar's win follows years of strained relations between the EU and Hungary under Viktor Orban, characterized by disagreements over issues like sanctions against Russia and financial aid to Ukraine, resulting in economic sanctions and diplomatic isolation for Hungary. Magyar campaigned on promises to revitalize Hungary's struggling economy, which has faced high inflation and stagnant growth. A key part of his plan involves unlocking billions of euros in EU funds that have been frozen due to Hungary's previous failure to meet required criteria. Analysts suggest Magyar aims to reintegrate Hungary into the EU decision-making process, ending its status as a pariah state.

Following recent elections in Hungary, Péter Magyar, leader of the Tisza party, has emerged as a significant political figure, challenging the long-standing dominance of Viktor Orbán's Fidesz party. Magyar's party secured a substantial number of seats, signaling a potential shift in Hungarian politics towards closer alignment with the EU. Magyar has expressed strong support for Hungary's EU membership, including joining the Eurozone, and plans diplomatic visits to Poland, Austria, and Germany. In contrast to Orbán's stance, Magyar has criticized Russia's war in Ukraine, stating he would urge Putin to end the conflict if he were Prime Minister. He views Ukraine as a victim of Russian aggression, a departure from Orbán's government, which has faced scrutiny for its ties to Russia and obstruction of EU aid to Ukraine.

Hungary's prime minister-elect, Peter Magyar, has expressed a desire for closer ties with China, referring to it as a major global power. Magyar stated his openness to discussions with Chinese leaders and extended an invitation for them to visit Budapest. He also signaled a willingness to welcome Chinese investment into Hungary. However, Magyar stipulated that all foreign companies, including Chinese firms, must adhere to Hungarian and European Union regulations concerning environmental protection, health, and workplace safety. He emphasized that investments should demonstrably benefit the Hungarian economy. The comments were made at a press conference on Monday in response to a question from the South China Morning Post.

Following recent elections, Tisza party leader Magyar stated his government will strive for a "free, European" Hungary, signaling a potential shift from the Orbán era. In a Facebook post, Magyar thanked voters and promised a "well-functioning and compassionate" administration. According to Stanley Wade Shelton, a UGAF professor, the Hungarian election highlights the overestimation of authoritarianism and the underestimation of democracy's strength. Shelton also contrasts Orbán's acceptance of the election results with Donald Trump's refusal to concede defeat in 2020. The election outcome and Magyar's statement suggest a possible change in Hungary's political direction.

US Vice President JD Vance visited Hungary ahead of its April 12th election to show support for Prime Minister Viktor Orban. Vance criticized Ukrainian President Volodymyr Zelenskyy for what he called "threatening" remarks towards Orban, stemming from Hungary blocking an EU loan for Ukraine. Zelenskyy's comments followed accusations from Hungary that Ukraine deliberately stopped Russian oil flows through the Druzhba pipeline to influence the election. Vance echoed Orban's accusations that Kyiv is attempting to sway the vote, calling Zelenskyy's remarks "completely scandalous." Vance also drew comparisons to media coverage of alleged Russian interference in the 2016 US election.

In the final days of the Hungarian election campaign, Prime Minister Viktor Orbán and his rival Péter Magyar have accused each other of foreign interference. Orbán alleges Magyar's Tisza party is colluding with foreign intelligence and threatening violence, while Magyar claims Orbán is engaging in election fraud and disinformation. The election, closely watched internationally, could potentially end Orbán's 16-year rule. Allegations of Russian interference and leaked information about Orbán's government's ties to Moscow have further fueled tensions. Magyar urges voters to reject provocation and accept the election's outcome, while Orbán warns that change would threaten Hungary's security.

Hungary's upcoming election presents a potential turning point in the political career of Viktor Orbán. The election outcome could halt Orbán's transformation from a liberal figure to a leader associated with the far-right. Orbán's political journey has spanned several decades, marked by shifts in ideology and affiliations. He has served as Prime Minister at different times, navigating Hungary through various political landscapes. The election's result will determine whether Orbán continues to lead Hungary and further solidify his current political direction.

In an interview, Ukrainian President Volodymyr Zelenskyy stated that the US is ignoring evidence of Russian assistance to Iran in targeting US bases in the Middle East. Zelenskyy claims Russia provided Iran with satellite imagery of critical infrastructure in the Gulf states, Israel, and US army base locations. He believes the US trusts Vladimir Putin, preventing them from acknowledging Russia's actions. Zelenskyy also criticized Donald Trump's team for allegedly spending too much time with Putin and failing to understand Russia's true intentions. He further suggested Putin would not stop at Donbas and would continue his aggression. Zelenskyy also commented on US Vice-President JD Vance's visit to Hungary to campaign for Viktor Orbán and emphasized the need for Europe to strengthen its military power.

A transcript obtained by Bloomberg News revealed that Hungarian Prime Minister Viktor Orbán told Vladimir Putin "I am at your service" during an October phone call, offering extensive assistance. Orbán reportedly compared their relationship to a mouse helping a lion, referencing an Aesop fable. The revelation has intensified scrutiny of Hungary's ties to Russia, especially as Orbán faces a challenging election. The US has also taken an interest in the election, with JD Vance arriving in Budapest amid allegations of Russian interference and endorsements for Orbán from Donald Trump. Polls suggest Orbán is facing an unprecedented challenge in the upcoming election.

Hungary has placed a gas pipeline on its border with Serbia under military protection, according to Prime Minister Viktor Orbán, following the discovery of explosives nearby. The incident occurred days before a Hungarian election and a visit from U.S. Vice President JD Vance. Serbian authorities reported finding the explosives near the pipeline, which carries Russian natural gas to Hungary. The event has sparked accusations of a potential "false-flag" operation to influence the election, with some Hungarian officials implying Ukrainian involvement, which Kyiv denies, suggesting a Russian false-flag operation instead. Orbán emphasized the pipeline's importance and the military's ability to protect it, while opposition figures dismissed the move as political theater.