Germany hopes opposition election win in Hungary will facilitate swift approval of loan for Ukraine
The German government has expressed hope that the outcome of Hungary's parliamentary elections, which were won by Péter Magyar's opposition Tisza party, will help quickly unblock a €90 billion EU loan for Ukraine.
Source: Reuters, citing a German government spokesman, as reported by European Pravda
Details: The €90 billion loan, intended to cover Ukraine's military and budgetary needs in 2026 and 2027, was blocked in the final stages of approval by Hungarian Prime Minister Viktor Orbán.
Berlin hopes that the victory of Orbán's rival will help speed up the release of the funds to Kyiv.
Quote: "The vote means there is hope that aid for Ukraine can be released very quickly. The German government is working towards this – it is therefore looking forward with anticipation to the swift formation of a government in Hungary."
Background:
- On 19 March, Orbán said Budapest would not unblock any EU decision favourable to Ukraine – including approval of the 20th Russia sanctions package and the €90 billion loan – until the flow of Russian oil via the Druzhba pipeline was restored.
- Orbán also said recently that if his Fidesz party won the election on 12 April, he would be able to carry out a plan to force Ukraine to restore supplies of Russian oil to Hungary.
- After winning the parliamentary elections, Tisza leader Péter Magyar said that Hungary will once again be a reliable partner in the EU and NATO.
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