Madyar Outlines Condition for Unlocking EU Loan to Ukraine: Details
15 April 16:18
Hungary’s new Prime Minister, Péter Magyar, has stated that his country will lift its veto on a €90 billion EU loan to Ukraine as soon as oil flows resume through the Druzhba pipeline.
This was reported by "Komersant Ukrainian" citing Bloomberg.
Magyar said he expects outgoing Prime Minister Viktor Orbán to lift his veto on a €90 billion EU loan to Ukraine as soon as oil flows resume through the key pipeline.
Mágyar’s comments in an interview with state television came after he stated earlier this week that his country would not prevent Kyiv from receiving aid from the EU.
He said that Hungary would still maintain its refusal to participate financially in the loan.
EU Loan to Ukraine
It should be noted that the election victory in Hungary of Péter Mádár, leader of the Tisza Party, does not automatically unlock the €90 billion EU loan for Ukraine.
Mátyás stated that he is ready to discuss the issue with European leaders; however, the decision was actually adopted by the European Council back in December—and at that time, Hungary, Slovakia, and the Czech Republic were granted the right not to join the program.
Even if Budapest withdraws its objections, Bratislava is next in line—Slovakia and its Prime Minister Robert Fico have not yet changed their position.
Added to this is the usual bureaucratic red tape: forming a new Hungarian government will take time in and of itself.
Meanwhile, it has been reported that the European Commission has postponed the first tranche of a 90-billion-euro loan for Ukraine.
