Europe - Ekhbary News Agency
European Union ambassadors are poised to greenlight a significant €90 billion loan package for Ukraine this Wednesday, with a key condition tied to the restoration of Russian oil transit to Hungary. Hungary's outgoing Prime Minister Viktor Orbán has indicated his willingness to lift his veto, provided that oil shipments resume through the Druzhba pipeline, which was recently damaged. This development signals optimism among EU diplomats that the financial aid package can be finalized.
The approval hinges on the timely restoration of oil flows, which Ukrainian President Volodymyr Zelenskyy announced could be operational by the end of the month. If the loan is secured this week, Kyiv could receive the funds in May, offering vital economic relief amidst the ongoing conflict. Following Hungary's removal of its objection, the European Commission will proceed with technical checks, estimated to take a few weeks. The dispute over the pipeline had previously led Budapest to block the loan in February, but a recent commitment to repairs may pave the way for approval.
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