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.