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Russian oil to Slovakia resumes flowing through pipeline that crosses Ukraine

Russian oil to Slovakia resumes flowing through pipeline that crosses Ukraine

Slovakia's economy minister says the flow of Russian oil to Slovakia through the Druzhba pipeline that crosses Ukraine has resumed

Russian crude oil deliveries to Hungary resume via the Druzhba pipeline

Russian crude oil deliveries to Hungary resume via the Druzhba pipeline

Russian crude oil supplies have resumed flowing into Hungary after a nearly three-month halt

EU close to approving a $106B loan for Ukraine after months of deadlock

EU close to approving a $106B loan for Ukraine after months of deadlock

The European Union is close to approving a 90 billion euro ($106 billion) loan package to support Ukraine’s military and financial needs for the next two years

EU close to approving release of $106B loan to Ukraine after months of deadlock

EU close to approving release of $106B loan to Ukraine after months of deadlock

European Union envoys are close to approving a 90 billion euro ($106 billion) loan package to support Ukraine’s military and financial needs for the next two years

EU envoys meet in hopes of approving a long-delayed loan to Ukraine

EU envoys meet in hopes of approving a long-delayed loan to Ukraine

European Union envoys are meeting in hopes of approving a massive loan to support Ukraine's military and financial needs for the next two years

Ukraine completes Druzhba pipeline repairs, hoping to unlock blocked EU loan

Ukraine completes Druzhba pipeline repairs, hoping to unlock blocked EU loan

Ukraine has completed repairs on a damaged oil pipeline and is preparing to resume flows

Druzhba pipeline is set to restart oil flows to Europe, potentially unblocking EU's Ukraine loan

Druzhba pipeline is set to restart oil flows to Europe, potentially unblocking EU's Ukraine loan

By Krisztina Than and Jan Lopatka BUDAPEST/PRAGUE, April 22 (Reuters) - Hungary and Slovakia expect deliveries of Russian oil to resume through a pipeline via Ukraine after a halt lasting months, which could in turn unblock a 90 billion euro ($105.79 billion) EU loan urgently needed by Kyiv.

EU Ambassadors Set to Approve €90 Billion Loan to Ukraine Amid Oil Transit Conditions

EU Ambassadors Set to Approve €90 Billion Loan to Ukraine Amid Oil Transit Conditions

The European Union is preparing to approve a €90 billion loan to Ukraine, contingent upon the resumption of Russian oil transit to Hungary through the Druzhba pipeline. The pipeline, which was damaged in a Russian strike in January, is crucial for Hungary's energy supply. Hungary's outgoing Prime Minister Viktor Orbán has stated that he will lift his veto on the loan once the oil flow is restored. The Cypriot presidency of the Council of the EU has placed the loan approval on the agenda for a meeting of the EU's 27 ambassadors. Ukrainian President Volodymyr Zelenskyy announced that the pipeline would be operational by the end of the month, with a strong possibility of resuming flows before the meeting.

Mideast crises divide Europe as it grapples with rising fuel costs and policy toward Israel

Mideast crises divide Europe as it grapples with rising fuel costs and policy toward Israel

Europe's top diplomats are meeting in Luxembourg to address multiple crises, including the ongoing war in Ukraine and economic instability due to the conflict in Iran

Ukraine's Druzhba Pipeline Repairs Set to Unlock EU Loan Amid Russian Oil Flow Resumption

Ukraine's Druzhba Pipeline Repairs Set to Unlock EU Loan Amid Russian Oil Flow Resumption

Ukrainian President Volodymyr Zelenskyy announced that the Druzhba pipeline, which transports Russian oil to Europe, is ready to resume operations following repairs. This development is expected to facilitate the release of a 90-million-euro EU loan, previously blocked by Hungary due to its dependency on Russian oil. The pipeline, damaged during Russia's invasion of Ukraine, has been a point of contention, with Hungary and Slovakia accusing Ukraine of delaying repairs. The resumption of the pipeline is anticipated to lead to Hungary lifting its veto on the EU loan, crucial for Ukraine's budgetary needs.

Ukraine Resumes Russian Oil Flow to Europe, Unlocking EU Loan Amid Sanctions

Ukraine Resumes Russian Oil Flow to Europe, Unlocking EU Loan Amid Sanctions

Ukraine has restarted the flow of Russian oil to Europe through the Druzhba pipeline, enabling the European Union to proceed with a 90-billion-euro loan for Kyiv. The resumption follows a standoff over pipeline repairs, with Hungary and Slovakia set to receive shipments soon. The development allows Hungary to lift its veto on the EU loan, which aims to support Ukraine's liquidity through 2026 and 2027. The EU is also preparing a new round of sanctions against Russia, targeting its energy, banking, and trade sectors. The pipeline's capacity ranges from 1.2 to 2 million barrels of oil per day.

European Union Approves $105 Billion Loan to Ukraine Following Hungary's Policy Shift

European Union Approves $105 Billion Loan to Ukraine Following Hungary's Policy Shift

The European Union has taken a significant step towards approving a $105 billion loan for Ukraine after Hungary dropped its opposition. The loan, which had been stalled due to Hungary's veto, is intended to support Ukraine's government and military efforts against Russia's ongoing invasion. Hungarian Prime Minister Viktor Orban, who had been the main opponent of the loan, lost his reelection campaign, paving the way for the loan's approval. The loan package is expected to receive formal approval soon, providing crucial financial support to Ukraine. The decision comes after Hungary's state oil company MOL confirmed the resumption of oil deliveries through the Druzhba pipeline, which had been disrupted by a Russian airstrike.