Relief in Kiev. Hungary lifted the veto. A 90 billion euro European loan is coming!

The internal procedure was initiated by the ambassadors on Wednesday, and ended on čThursday. There were no objections, and the last pending regulation, which requires unanimity to amend the EU budget, was approved, writes Euronews.

The decision came two days after Ukrainian President Volodymyr Zelensky announced that the Družba pipeline, which carries cheap Russian oil to Hungary and Slovakia, had been repaired and could continue operating.

The interruption of the flow of oil through the Company was at the heart of Orban’s decision to veto a 90 billion euro loan in February. The last-minute blockade infuriated other EU leaders, who furiously condemned it as an “unacceptable” attempt at “blackmail”.

Orban has made his dispute with Zelenski over Družbe a recurring theme in his re-election campaign. However, he experienced a convincing defeat. Hungary’s transition, the first in 16 years, paved the way for the end of the blockade.

Cyprus, the country that presides over the Council of the EU, took the opportunity and added a loan to the meeting of ambassadors even before Zelenski announced the repair of the Society.

The European Commission, which will manage the financial scheme, said that the first payment to Kyiv will be made “as soon as possible” after all legal and technical documents are in force. The executive power has at its disposal a financial reserve for quick action.

For 2026, Brussels intends to gradually transfer 45 billion euros, of which 16.7 billion euros are intended for financial support and 28.3 billion euros for military support. Payments will be conditional on the reforms adopted by Kyiv. Any reversal in the fight against corruption could cause a temporary suspension of aid.