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2mo ago

EU to Start €90 Billion Ukraine Loan Before End of June After Hungary Election

Orbán’s election loss in Hungary removed the veto that had frozen the funds.

Des pompiers éteignent un incendie provoqué par une attaque de drone russe à Kharkiv (Ukraine), le 16 avril 2026.
Réunion du Comité du développement de la Banque mondiale lors des réunions de printemps du FMI et du Groupe de la Banque mondiale à Washington,le 16 avril 2026
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Le commissaire européen à l'Economie Valdis Dombrovskis, lors des réunions de printemps du FMI et du Groupe de la Banque mondiale à Washington, le 16 avril 2026

Overview

  • The European Commission plans to transfer the first tranche in the second quarter, which Valdis Dombrovskis said Thursday should land before the end of June.
  • EU officials are set to meet Péter Magyar’s incoming team in Budapest on Friday to organize the unfreezing of the package.
  • The loan totals €90 billion and is designed to cover about two thirds of Ukraine’s financing needs, with other partners expected to close the gap.
  • The program had been stalled since late 2025 by Viktor Orbán’s block, which ends following his electoral defeat and the change of government in May.
  • Dombrovskis said EU backing for Kyiv and sanctions on Russia remain priorities, while he warned higher energy costs from the Middle East conflict could trim EU growth by 0.2 to 0.6 percentage points this year.