EU Unlocks €90B Loan as Ukraine Restores Oil Pipeline

Ukraine is one step closer to receiving €90 billion in crucial support after repairing a Russian-damaged oil pipeline and restarting deliveries to European neighbors.

EU member states gave preliminary approval Wednesday to unlock the massive loan package, ending a weeks-long standoff with Hungary. The dispute centered on the Druzhba pipeline, which was hit by a Russian strike and stopped oil flowing to Hungary and Slovakia.

Ukrainian President Volodymyr Zelensky announced the repairs were complete earlier this week. Officials confirmed Wednesday that oil has resumed flowing through the pipeline, with the first deliveries expected to reach Hungary and Slovakia by Thursday.

Hungary's energy giant MOL confirmed it expects crude oil shipments to arrive within 24 hours. Slovakia's Economy Minister also shared the positive news, posting on Facebook that deliveries should arrive early Thursday morning.

The funding breakthrough comes at a critical moment for Ukraine, four years into defending against Russia's invasion. The loan will help plug Ukraine's budget gaps as the country continues rebuilding and supporting its people.

The Ripple Effect

Beyond the immediate financial relief, this resolution shows European unity holding strong even during complex disputes. The preliminary approval also cleared the way for EU countries to consider a 20th round of sanctions on Russia, targeting Moscow's energy, banking and trade sectors.

The breakthrough happened after Hungary's recent election brought political change. While final approval still requires Hungary's definitive sign-off within 24 hours, the restoration of oil flows removes the main obstacle.

Brussels can now move forward with starting loan payments in the coming months. This support arrives as Ukraine navigates both reconstruction needs and ongoing security challenges.

The successful pipeline repair demonstrates Ukraine's commitment to maintaining European energy security even while defending its own borders. Hungary and Slovakia, both heavily dependent on Russian oil, will continue receiving needed supplies while Ukraine receives essential financial support.

This resolution proves that even complicated international disputes can find solutions when all parties work toward common ground.