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.