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world6h ago
Europe’s plan to keep Ukraine afloat — even if Hungary keeps blocking €90B loan
- EU leaders consider bilateral funding to Ukraine if the €90 billion loan is blocked by Hungary and Slovakia.
- Baltic and Nordic states discuss a €30 billion package of bilateral loans to keep Kyiv afloat through mid-year.
- EU Commission officials say the bloc loan remains on the table despite bloc-wide disagreements.
- Dutch Finance Minister Eelco Heinen announced bilateral support of €3.5 billion per year until 2029.
- Ukraine has cash relief through May after the IMF approved an $8.1 billion loan.
- Hungary and Slovakia’s opposition ties to the Druzhba pipeline dispute influence the loan process.
- Orbán faces a crucial national election in April, shaping his stance on the loan.
- Fico’s Slovakia position complicates consensus on the loan, with threats to block unless pipeline repairs proceed.
- Officials see potential leverage if Orbán loses the election, potentially easing approval for the loan.
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