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Eu Loan

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Hungary Withholds EU Ukraine Loan Pending Druzhba Oil Resumption
world7 days ago

Hungary Withholds EU Ukraine Loan Pending Druzhba Oil Resumption

Hungary will block the EU’s 90-billion-euro loan to Ukraine until Russian oil resumes flowing through the Druzhba pipeline, after supplies were interrupted by what Kyiv called a Russian drone attack. Budapest and Bratislava had exemptions from the EU oil ban and accuse Ukraine of obstructing shipments, with Hungary warning it will veto EU decisions favorable to Kyiv. The move comes amid broader tensions over Ukraine aid, as Slovakia threatens electricity cuts and a deal on the loan was reached with some protections for member states.

via AP News|
#druzhba-pipeline#eu-loan#hungary
Ukraine braces for winter as energy emergency is declared to stabilize power
world1 month ago

Ukraine braces for winter as energy emergency is declared to stabilize power

Zelenskyy announces a state of emergency in Ukraine's energy sector to shore up power and heating after heavy Russian attacks, with increased imports, around-the-clock repair crews, and the possibility of curfews as night temperatures fall toward -20C; Kyiv pledges a coordination HQ and rapid action, while critics say more prep is needed compared with Kharkiv. Separately, the EU is considering a €90bn loan to allow Ukraine to buy weapons from non-European suppliers, alongside defence challenges and sanctions on Russia's energy sector.

via The Guardian|
#energy-emergency#eu-loan#power-outages
EU unveils €90B Ukraine loan to fuel war effort
world1 month ago

EU unveils €90B Ukraine loan to fuel war effort

The European Commission proposed a €90 billion, two-year, interest-free loan to Ukraine to stave off financial collapse as it fights Russia, with about one-third for normal budgets and the rest for defense; it would be financed by EU joint debt, allow Ukraine to buy foreign weapons if needed with EU defense firms favored, and tie repayments to post-war reparations or frozen Russian assets, though several member states balk at participation; disbursements could start in April to unlock IMF support as U.S. aid wanes.

via politico.eu|
#defense-spending#eu-loan#european-union
Russian Attacks on Ukrainian Ports Escalate Tensions in the Black Sea
world2 months ago

Russian Attacks on Ukrainian Ports Escalate Tensions in the Black Sea

Russian missile strikes near Odesa kill seven and injure 15, amid ongoing conflict and Ukraine's efforts to secure financial and territorial resilience, including a €90bn EU loan. US intelligence suggests Putin aims to reclaim Ukraine and parts of Europe, contradicting claims of a desire to end the war, as international talks in Miami seek a peace plan.

via The Guardian|
#eu-loan#missile-attack#odesa
Zelenskyy and Polish Leaders Strengthen Ukraine-Poland Alliance Amid Regional Tensions
world2 months ago

Zelenskyy and Polish Leaders Strengthen Ukraine-Poland Alliance Amid Regional Tensions

Ukrainian President Zelenskyy met with Polish President Nawrocki in Warsaw to strengthen regional security cooperation amid ongoing tensions with Russia. The EU approved a €90 billion loan to Ukraine, funded from the EU budget despite opposition from some member states and Russia's disapproval of using frozen Russian assets. Ukraine claimed to have struck a Russian 'shadow fleet' tanker in the Mediterranean, marking a significant military operation. Russia's Putin expressed skepticism about Ukraine's readiness for peace talks, while also criticizing the EU's decision to fund Ukraine's war effort from frozen Russian assets. The situation remains tense with ongoing military and diplomatic developments.

via DW|
#eu-loan#poland#russia
EU Approves Over $105 Billion Aid Package for Ukraine Amid Funding Crisis
world2 months ago

EU Approves Over $105 Billion Aid Package for Ukraine Amid Funding Crisis

Hungary has agreed not to block a significant EU-backed interest-free loan to Ukraine, with conditions excluding Hungary, Slovakia, and the Czech Republic from debt guarantees. The EU considered using frozen Russian assets to fund Ukraine but faced complexities and political challenges, leading to a traditional loan agreement. Meanwhile, tensions persist with Russia, including cyber-attacks attributed to Moscow, and ongoing military strikes near Odesa. The US and UK continue to support Ukraine through diplomatic efforts and sanctions against Russian entities.

via The Guardian|
#eu-loan#hungary#russia-ukraine-war