EU Ambassadors Poised to Approve €90 Billion Ukraine Loan on Wednesday

EU envoys are expected to decide Wednesday on a major new support package for Kyiv, with Budapest likely to lift its objections if oil deliveries through the Druzhba pipeline resume in time. Make us preferred on Google Share Facebook X (Twitter) LinkedIn Bluesky Email Copy Copied Ukraine’s Foreign Minister Andrii Sybiga (R) and EU High Representative and Vice-President for Foreign Affairs and Security Policy Kaja Kallas (L) attend a press conference in Kyiv on March 31, 2026. (Photo by Tetiana DZHAFAROVA / AFP) Content Share Facebook X (Twitter) LinkedIn Bluesky Email Copy Copied Flip Make us preferred on Google Politico reported that EU ambassadors are poised to approve a €90 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. According to four EU diplomats cited by Politico, Hungary is expected to withdraw its opposition if oil flows resume before the meeting. Follow our coverage of the war on the @Kyivpost_official . 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. Ukrainian President Volodymyr Zelenskyy said last week that the pipeline would be operational by the end of the month, though diplomats told POLITICO there is a strong possibility flows could resume before Wednesday’s meeting. Kyiv Post is Ukraine’s first and oldest English news organization since 1995. Its international market reach of 97% outside of Ukraine makes it truly Ukraine’s Global – and most reliable – Voice.