politics
February 24, 2026
Hungary vetoes €90 billion EU loan for Ukraine
Hungary has placed a double veto on the EU’s latest Russia sanctions package and an emergency loan for Ukraine
TL;DR
- Hungary has blocked a proposed €90 billion EU emergency loan for Ukraine.
- Hungary has also blocked the EU's latest sanctions package against Russia.
- The vetoes are due to a dispute over oil supplies through the Druzhba pipeline, which has been out of commission since January.
- Budapest accuses Kyiv of deliberately disrupting oil supplies and engaging in an 'oil blockade'.
- Hungary and Slovakia have threatened retaliation, including suspending diesel exports to Ukraine.
- Slovak Prime Minister Robert Fico threatened to stop emergency electricity supply to Ukraine.
- EU foreign affairs chief Kaja Kallas expressed disappointment, calling the vetoes a major setback.
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