EU eyes Ukraine loan, Israeli settler sanctions, after Hungarian election
Summary
The European Union expects to approve a large loan to Ukraine and impose sanctions on Israeli settlers after Hungary voted out Prime Minister Viktor Orban, who had blocked these actions. The new Hungarian leader, Peter Magyar, is willing to cooperate with the EU, allowing progress on these important issues.Key Facts
- Hungary’s Prime Minister Viktor Orban, who blocked EU decisions on Ukraine and Israel, was voted out of office.
- The EU plans to release a €90 billion ($106 billion) loan to Ukraine to support its defense against Russia.
- The loan approval is expected at an EU meeting scheduled for Wednesday.
- Orban had used the loan as leverage due to disputes over a Russian oil pipeline passing through Ukraine.
- New Hungarian leader Peter Magyar supports restarting the pipeline and cooperating with the EU.
- The EU also wants to impose sanctions on Israeli settlers in the occupied West Bank and may suspend parts of its cooperation agreement with Israel.
- Orban had vetoed sanctions on Israeli settlers, but his departure removes that obstacle.
- Some major EU countries, like Germany and Italy, must also agree for measures against Israel to proceed.
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