EU approves €90 billion loan for Ukraine, resolving a dispute with Hungary over a damaged pipeline amid ongoing tensions with Russia.

EU approves €90 billion loan for Ukraine, resolving a dispute with Hungary over a damaged pipeline amid ongoing tensions with Russia.

The row with Hungary held up EU support for Ukraine at a time when the US has largely cut Kyiv off. Read more at straitstimes.com. Read more at straitstimes.com.

The row with Hungary held up EU support for Ukraine at a time when the US has largely cut Kyiv off. Read more at straitstimes.com. Read more at straitstimes.com.

President Volodymyr Zelensky announced that Ukraine has completed repairs on the damaged section of the Druzhba oil pipeline, opening the way for the resumption of Russian oil transit to Hungary and Slovakia and potentially clearing a major obstacle to the release of a 90 billion euro EU loan for Kyiv. The southern branch of the Druzhba pipeline had been out of operation since late January after what Kyiv described as damage caused by a Russian strike.

Russian oil flowed through the Ukrainian section of the Druzhba pipeline after a halt lasting months, officials said, allowing Hungary to lift its ⁠veto on a €90 billion EU loan urgently needed by Ukraine.

EU ambassadors have backed the approval process for a 90-billion-euro loan for Ukraine, alongside the bloc’s 20th sanctions package against Russia, after months of delays linked to objections from Hungary and Slovakia over disrupted oil transit through the Druzhba pipeline. The decision was confirmed on April 22 by the spokesperson for the Cyprus Presidency of the Council of the EU, who said both measures had been approved at the level of Coreper, the Committee of Permanent Representatives.

Hungary is lifting its veto on a $106 billion loan from the European Union to Ukraine, after Kyiv restored a key pipeline allowing the resumption of Russian oil to Hungary and Slovakia.

Ukraine says it has reopened the Druzhba pipeline, after months of stalemate over stalled oil supplies to neighbouring Hungary.

Russian oil flowed through the Ukrainian section of the Druzhba pipeline on Wednesday after a halt lasting months, officials said, allowing Hungary to ‌lift its veto on a 90 billion euro ($105.79 billion) EU loan urgently needed by Ukraine. The Druzhba pipeline has become one of the most politically charged…

BUDAPEST/PRAGUE, April 22 - Russian oil flowed through the Ukrainian section of the Druzhba pipeline on Wednesday after a halt lasting months, officials said, unblocking a 90 billion euro ($105.79 billion) EU loan urgently needed by Kyiv. Read more at straitstimes.com. Read more at straitstimes.com.

US-mediated talks over the past year have made little headway on key issues, such as the future of four Ukrainian regions Moscow is trying to capture.