Hungary has announced its intention to obstruct the allocation of €90 billion in loans to Ukraine from the European Union, citing a dispute over oil transit through the Druzhba pipeline. Budapest’s decision stems from its demand for the resumption of oil transit, which it claims has been halted by Ukraine.
The Hungarian Foreign Minister, Péter Szijjártó, has characterized Ukraine’s actions as a form of “blackmail,” alleging that Kyiv is attempting to provoke a fuel crisis in Hungary. He stated, “Ukraine is blackmailing Hungary by stopping oil transit… to create supply disruptions and raise fuel prices ahead of elections.” This assertion reflects Budapest’s concerns about potential economic repercussions stemming from Ukraine’s decision.
Szijjártó emphasized that Hungary’s stance on financial assistance to Ukraine will remain unchanged until the oil transit is fully restored. He accused Ukraine of neglecting its obligations to its partners, stating, “By blocking oil transit, Ukraine is violating the Association Agreement between the EU and Ukraine. We will not succumb to this blackmail.” This conflict highlights the complexities of regional cooperation and the delicate balance of international relations in Eastern Europe.
Hungary is blocking €90 billion in EU loans to Ukraine due to a dispute over oil transit, accusing Ukraine of blackmail. This situation underscores the tensions in regional cooperation and international relations.