Friday, April 24, 2026-The European Union has approved a massive $106 billion (€90 billion) loan package for Ukraine after Hungary lifted its long-standing veto, ending weeks of political deadlock.
The decision unlocks critical funding aimed at stabilizing Ukraine’s economy and supporting its military needs as the war with Russia continues.
The breakthrough came after tensions eased over energy disputes involving the Druzhba oil pipeline, a key supply route for Hungary and Slovakia.
Once oil flows resumed, Hungary dropped its objections, allowing EU leaders to move forward with both the financial package and additional sanctions on Russia.
The loan will be distributed over the next two years, providing urgent budget support and defense funding at a time when Ukraine faces severe financial strain.
Analysts say the move sends a strong signal of continued European backing, though it also highlights how internal divisions within the EU can delay critical decisions during wartime.
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