Hungary may unblock €90bn of EU financial assistance to Ukraine in the coming days. About this reports Bloomberg citing government sources.
Negotiations in the home stretch
Prime Minister of Hungary Peter Magyar has signalled its readiness to support the decision if agreements on energy issues are reached. First of all, it is about the resumption of Russian oil supplies through the Druzhba pipeline.
This route was damaged during the attacks, leading to supply disruptions. This is a critical issue for Budapest, as the country is heavily dependent on Russian energy imports.
What does credit mean for Ukraine?
The €90 billion financial package is one of the largest ever during a full-scale war. If it is unlocked, Ukraine will receive a significant resource for the
- stabilising the economy
- budget financing
- restoration of infrastructure
Formerly Hungary blocked the decision, insisting that its energy interests be taken into account in European policy.
Context and significance of the decision
The European Union continues to be a key donor for Ukraine. The Budapest decision could be a turning point in terms of further financial support.
Analysts note that a compromise between Hungary's energy security and assistance to Ukraine is difficult, but possible within the current negotiations.
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