Home Blog World News EU close to signing off on critical €90bn loan for Ukraine after months of vetoing from Hungary – Europe live | Ukraine
EU close to signing off on critical €90bn loan for Ukraine after months of vetoing from Hungary – Europe live | Ukraine

EU close to signing off on critical €90bn loan for Ukraine after months of vetoing from Hungary – Europe live | Ukraine


Ukraine started pumping oil through Druzhba with deliveries to Slovakia expected to resume on Thursday, minister says

Slovak economy minister Denisa Saková just said that the Ukrainian operator Ukrtransnafta confirmed it has started the “pressurisation and filling” of the Druzhba pipeline, with deliveries to Slovakia expected to resume on Thursday morning.

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Updated at 09.14 BST

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Slovakia’s Fico says processes of unblocking EU loan for Ukraine, restarting oil deliveries go ‘hand in hand’

Jakub Krupa

Jakub Krupa

Meanwhile, Slovak prime minister Robert Fico is giving a press conference in Bratislava now, and I am listening along for hints on what is about to happen with the 90bn loan for Ukraine and the Druzhba pipeline.

Slovakia’s prime minister Robert Fico attends a press conference in Bratislava, Slovakia. Photograph: Alex Brandon/Reuters

Fico says his government is “watching closely” as “two processes go hand in hand” of unblocking the €90bn loan for Ukraine – that Slovakia has an opt-out from, alongside the Czech Republic and Hungaryand of restarting the pipeline.

“I assume this loan could be unblocked provided that all steps are taken to open the Druzhba pipeline,” he says.

He says it’s clear that Hungary and Slovakia’s insistence to freeze the funds prompted Ukraine to act quicker on its repairs.

But he also says that the trust between Bratislava and Kyiv has been damaged by the process, as he worries that Ukraine could look for a way to halt deliveries soon.

Fico heavily implies that Slovakia would be OK with hhe funds getting unblocked today, but will wait with approving further EU sanctions against Russia until the oil actually starts flowing.

I don’t know how the EU will act if the loan is unblocked and in a few days the flow of oil from the Druzhba pipeline stops again. What we will do then, I really don’t know, but we must prepared for such an alternative.”



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