EU leaders clash with Hungary’s Orban for blocking Ukraine loan
A vital US$103 billion lifeline is being held up by Budapest over a dispute involving a war-damaged oil pipeline
European Union leaders failed to convince Hungarian Prime Minister Viktor Orban on Thursday to lift his blockade on a €90 billion (US$103 billion) EU loan to help Ukraine keep up its fight against Russia’s invasion.
After a summit in Brussels, several leaders voiced deep frustration with Orban, who has cited a dispute over a war-damaged pipeline to justify blocking the implementation of the loan agreed back in December.
German Chancellor Friedrich Merz accused Orban - who maintains cordial ties with Russia and was running for re-election next month - of an act of “gross disloyalty” that damaged the EU’s reputation and ability to act.
European Council President Antonio Costa, the chair of the summit, declared: “A deal is a deal, and all the leaders need to honour that word. And nobody can blackmail the European Council”.
EU officials say that Kyiv could run short of money in weeks if it does not receive new funding and that Orban’s U-turn has called into question the credibility of the European Council, the EU’s highest decision-making body.