BUDAPEST | APRIL 20, 2026
In a major diplomatic breakthrough, Hungary’s outgoing government signaled on Monday that it is prepared to unblock the European Union’s stalled €90 billion ($106 billion) loan package for Ukraine as early as this week. The move comes as Budapest’s new leadership, led by Peter Magyar, enters intensive negotiations with Brussels to release Hungary’s own frozen funds.
Outgoing Prime Minister Viktor Orban stated that the decision follows “mediation from Brussels” ensuring that Russian oil flows via the Druzhba pipeline, which were halted after a January attack, would resume. The EU funding is seen as a critical lifeline for Kyiv, which faces a severe budget shortfall by June following the cessation of U.S. military aid earlier this year
