Politico reported that EU ambassadors are poised to approve a €90 billion ($106 billion) loan to Ukraine on Wednesday, provided Russian oil transit to Hungary resumes in time.
In a sign of optimism that the agreement can be finalized, the Cypriot presidency of the Council of the EU placed the Ukraine loan on the agenda for a meeting of the EU’s 27 ambassadors on Wednesday.
JOIN US ON TELEGRAM
Follow our coverage of the war on the @Kyivpost_official.
According to four EU diplomats cited by Politico, Hungary is expected to withdraw its opposition if oil flows resume before the meeting.
Hungary’s outgoing Prime Minister Viktor Orbán said on Sunday that he would lift his veto once oil transit through the Druzhba pipeline – damaged in a Russian strike in January – is restored.
Diplomats told Politico there is a strong possibility that flows could resume before Wednesday’s meeting.
Ukrainian officials said on Monday that technical conditions are in place to restart oil flows, easing concerns among several European countries affected by the recent transit halt.
You can also highlight the text and press Ctrl + Enter
