The European Union is poised to initiate the disbursement of a €90 billion loan to Ukraine, with the first tranche expected by early April. However, the process is currently hindered by Hungary’s ongoing objections.
During a recent EU summit, leaders expressed their approval of the legislative framework necessary for the loan. The European Council indicated that it anticipates the initial funds to be available for Ukraine at the beginning of April. Additionally, the Council urged member states to enhance efforts with third countries to address a remaining financing gap of €30 billion for Ukraine.
Hungary’s veto has been a significant obstacle in this process. EU leaders had initially endorsed the €90 billion loan for Ukraine for the years 2026-2027 back in December of the previous year. However, several procedural decisions needed to be ratified by EU member states before funds could be released.
The situation escalated following Russia’s attack on the Druzhba oil pipeline, which halted the transit of Russian oil through Ukraine. In response, Hungary began blocking all EU initiatives aimed at providing assistance to Ukraine, including a key procedural decision required for the loan’s approval.
The European Union is preparing to release a €90 billion loan to Ukraine, contingent on overcoming Hungary's objections. The loan aims to address Ukraine's financial needs amid ongoing geopolitical tensions.