Hungary and Slovakia refused to finance Ukraine

Hungary and Slovakia have lifted their veto on the EU financing plan for Ukraine worth €90 billion for 2026–2027, but confirmed that they themselves will not take part in the program.

This was reported to TASS by a European diplomatic source.

The Cypriot presidency of the Council of the EU confirmed that the 20th package of sanctions against Russia and the allocation of €90 billion for Kyiv had been approved by EU ambassadors. The permanent representatives of EU member states were expected to approve the loan if no written objections were received from Hungary and Slovakia by midday on April 22. The procedure was launched on April 21. EU foreign policy chief Kaja Kallas had expected the financing to be approved within 24 hours.

The decision to allocate a €90 billion loan to Ukraine was made at the EU summit in December 2025. Of that amount, €60 billion will go toward weapons and €30 billion toward Kyiv’s budgetary needs. The EU itself will have to repay the loan, since Ukraine is unable to service its debts.

Hungarian Prime Minister Viktor Orbán had repeatedly blocked the allocation of the funds. He said Budapest would continue to do so as long as Kyiv obstructed the transit of Russian oil through the Druzhba pipeline. However, Péter Magyar, the leader of the opposition Tisza party that won Hungary’s parliamentary elections, said that the new government would not object to the loan. At the same time, he added that Hungary would not finance the Ukrainian authorities.