EU approves €90 billion Ukraine loan as Hungary drops veto threats
The European Union has unlocked a €90 billion loan for Ukraine, vital for its defence and economic stability. The funds will support drone purchases, military production, and winter preparations. Meanwhile, Ukraine is taking steps to mend relations with Hungary after years of tension.
Hungary’s government has shifted its stance, promising to end its combative foreign policy of the past 16 years. As part of this change, it will no longer use its EU veto as political leverage. This move cleared the way for the EU to approve the €90 billion loan package, which includes a financial exemption for Hungary.
Ukraine has responded by preparing a set of proposals to address long-standing disputes with Budapest. Foreign Minister Andrii Sybiha stressed the country’s willingness to engage in direct talks at all levels, including between leaders. The aim is to resolve past grievances and rebuild trust. The loan itself will fund critical defence needs, such as drone procurement and production, while also helping Ukraine prepare for the coming winter. Despite the financial support, officials in Kyiv have reaffirmed their commitment to ongoing reforms, ensuring the funds are used effectively.
The €90 billion loan provides Ukraine with essential resources for its defence and economic resilience. With Hungary’s policy shift and Ukraine’s readiness for dialogue, both countries now have an opportunity to repair relations. The funds will directly support military efforts and winter preparations in the months ahead.
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