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Loan for Ukraine: EU hopes to step up work after Orban’s defeat

Loan for Ukraine: EU hopes to step up work after Orban’s defeat

Фото: REUTERS

The European Union hopes to quickly unblock a billion-dollar loan for Ukraine and impose new sanctions against Russia amid Viktor Orban’s defeat in the parliamentary elections in Hungary.

This was reported by “European Truth”.

The 90 billion loan and the 20th package of sanctions remain the goal of the Cypriot presidency of the EU. It is worth noting that Cyprus will hold the presidency for the first 6 months of 2026.

“Our goal as the presidency remains the speedy adoption of both the 90 billion credit package for Ukraine and the 20th package of sanctions,” the presidency told the publication.

According to the EP interlocutor, Cyprus plans to add the discussion of the loan and sanctions to the agenda of Coreper, the Committee of Permanent Representatives of the European Union. This will happen “when conditions allow, with the aim of quickly concluding work on both dossiers.”

As noted, this week, European officials will have two Coreper meetings, however, none of them plan to discuss the issue of the loan and new restrictions on Russia.

Instead, they want to discuss an informal meeting to be held on April 23-24 in Cyprus, during which they will bring up topics important to Ukraine.

At the same time, as “Evropravda” writes, citing its own sources, despite Orban’s defeat, the EU does not expect any radical changes in Hungary’s position on Ukrainian issues.

In addition, it is likely that Orban, not Magyar, will be present at the summit in Cyprus, as the latter will only start work in early May.

Other sources of the publication suggest that at the end of his term, the current Hungarian Prime Minister may make some concessions to Ukraine.

As a reminder, on Thursday, March 19, a summit of EU leaders was held in Brussels, where one of the key issues was financial support for Ukraine , in particular the possible unlocking of a 90 billion euro aid package.

However, European leaders were unable to convince Hungarian Prime Minister Viktor Orban to abandon the decision to block a $90 billion loan for Ukraine.

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