EU’s $106B Ukraine Loan Will Happen “One Way or Another,” Von der Leyen Says

European Commission President Ursula von der Leyen said the European Union would deliver its planned $106 billion loan for Ukraine “one way or another” after Hungary blocked the package, according to Euronews on February 24. 

Von der Leyen spoke in Kyiv alongside European Council President António Costa and Ukrainian President Volodymyr Zelenskyy as Russia’s full-scale invasion entered its fifth year.

The commitment EU leaders made in December “cannot be broken,” and the bloc had “different options” to ensure the financing goes ahead, she added.

Hungary’s veto has been tied by EU officials to an energy dispute over disrupted oil flows via the Druzhba pipeline route through Ukraine.

Later on with Costa urged Hungarian Prime Minister Viktor Orbán to respect the December agreement in a letter seen by Reuters on February 23. 

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The dispute has also drawn in Slovakia, where Prime Minister Robert Fico threatened to halt—and later moved to halt—emergency electricity supplies to Ukraine unless oil flows to Slovakia were restored.

Meanwhile, French President Emmanuel Macron urged partners in the Coalition of the Willing to remove restrictions on their support for future security guarantees for Ukraine.

Earlier, it was reported that the EU would keep preparing a €90 billion (about $106 billion) war loan for Ukraine even after Hungary refused to back one of the required legal steps, with Budapest linking its opposition to a dispute over disrupted oil transit via the Druzhba pipeline.

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