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Hungary's foreign minister says country will block key EU loan to Ukraine until Russian oil shipments resume

Hungary's foreign minister says country will block key EU loan to Ukraine until Russian oil shipments resume

Summary

Hungary's foreign minister stated that Hungary will block a major European Union loan to Ukraine until Russian oil shipments through the Druzhba pipeline resume. Russian oil supply disruptions have occurred since a reported drone attack damaged the pipeline. Hungary accuses Ukraine of intentionally delaying the oil flow and links this to blocking EU decisions favorable to Ukraine.

Key Facts

  • Hungary plans to block a €90 billion EU loan to Ukraine.
  • Russian oil shipments through the Druzhba pipeline have stopped since January 27 due to a reported attack.
  • Hungary and Slovakia accuse Ukraine of deliberately blocking oil supplies but provide no evidence.
  • Hungary's foreign minister calls Ukraine's actions "blackmail."
  • Hungary has stopped diesel shipments to Ukraine over the issue.
  • Slovakia also threatens to cut electricity supplies to Ukraine if the issue isn't resolved.
  • Hungary's Prime Minister Viktor Orbán supports maintaining Russian oil imports.
  • The EU loan was intended to help Ukraine with military and economic needs.

Source Information