EU Vows to Deliver €90 Billion Loan to Ukraine Despite Hungarian Blockade

Brussels – The European Union remains committed to providing Ukraine with a promised €90 billion ($104.2 billion) loan, despite ongoing resistance from Hungary, European Commission President Ursula von der Leyen affirmed on Friday. The pledge comes after EU leaders failed to persuade Hungarian Prime Minister Viktor Orbán to lift his blockade on the crucial funding during a summit in Brussels.

Hungary’s Opposition and EU Resolve

Von der Leyen stated, “We will deliver one way or the other,” signaling the EU’s determination to fulfill its financial commitment to Ukraine. The loan, intended to support Ukraine’s war effort and economic stability, has been stalled by Orbán’s repeated objections. According to reports, Orbán has reneged on previous assurances of support, leading to condemnation from other EU leaders.

European Council President Antonio Costa echoed von der Leyen’s sentiment, emphasizing that all leaders must honor their commitments and that no single member can blackmail the EU institutions. “No one can blackmail the European Council. No one can blackmail the institutions of the European Union. And we must fulfill this decision,” Costa stated.

Potential Funding Mechanisms

In November 2025, Ursula von der Leyen presented EU leaders with options for supporting Ukraine’s financial needs for 2026 and 2027, outlining a binary choice: issuing fresh debt or utilizing the profits from Russia’s immobilized assets. The European Commission estimates Ukraine will require €83.4 billion for its armed forces and €55.2 billion to sustain its economy, totaling €135 billion over the next two years. This represents a significant increase compared to the €66 billion in military aid and €100.6 billion in financial support already provided since the start of the war in February 2022.

Renewed Peace Talks

Although the EU grapples with funding challenges, diplomatic efforts to conclude the conflict continue. Ukrainian and US negotiators are scheduled to meet in the United States on Saturday to revive stalled talks with Russia, following a “situational pause” in negotiations involving Washington, Moscow, and Kyiv after the start of the Iran war.

Key Takeaways

• The EU is determined to provide Ukraine with a €90 billion loan despite Hungary’s opposition.
• Hungary, led by Prime Minister Viktor Orbán, is blocking the loan, prompting criticism from other EU leaders.
• The EU is considering options for funding, including new debt and utilizing Russian asset profits.
• Ukraine and the US are seeking to restart peace negotiations with Russia.