The European Union is on the verge of approving a €90 billion loan package for Ukraine, following the defeat of Hungary's Prime Minister Viktor Orbán, who had been blocking the aid.
The loan is intended to support Ukraine's war effort and economic stability through 2026 and 2027. Hungary had tied its approval to the resumption of Russian oil transit, but with a new pro-EU government forming in Budapest, the blockade is expected to be lifted imminently. EU officials and leaders, including France and Germany, have expressed optimism that the first tranche of funds could be disbursed as early as late May or early June.
This move signals continued strong EU support for Ukraine and aims to ensure that Russia cannot outlast Ukraine in the ongoing conflict.
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