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EU Vows Ukraine Aid Will Proceed Despite Hungary Block

Contingency lending signals a fallback path to keep Ukraine funded during the standoff.

Overview

  • EU Economy Commissioner Valdis Dombrovskis said the bloc will deliver the promised €90 billion loan to Ukraine in 2026–27, with only amendments to the MFF regulation still needed before borrowing can start.
  • Hungary and Slovakia are holding up final approval as Budapest links its veto to repairs on the Druzhba oil pipeline, a claim Kyiv disputes after the January drone strike.
  • Baltic and Nordic governments are exploring roughly €30 billion in bilateral loans to carry Ukraine through the first half of the year if the EU package remains blocked, according to EU diplomats.
  • An IMF program approved last month provides $8.1 billion, including an immediate $1.5 billion disbursement, leaving Ukraine solvent until early May, according to people familiar with Kyiv’s finances.
  • The Dutch government has set provisions to extend €3.5 billion per year in bilateral support to Ukraine through 2029, and Hungary’s parliament on March 10 passed a resolution opposing further EU military funding and Ukraine’s EU accession.