Russian Oil Resumption Through Ukraine Lifts Hungary's Veto on Crucial EU Loan

The restart of Russian oil deliveries through Ukraine’s Druzhba pipeline has brought significant political shifts in Europe. Following a suspension due to a Russian drone attack, the resumption has enabled Hungary to withdraw its veto on a vital 90 billion euro EU loan aimed at bolstering Ukraine’s economy.

Hungarian oil company MOL confirmed that oil shipments to Hungary and Slovakia are expected imminently. Kremlin spokesperson Dmitry Peskov noted ongoing corporate-level discussions about technical details concerning the pipeline. EU ambassadors swiftly approved the loan after pumping resumed, with a formal sign-off by member states expected soon.

Ukraine, previously at a financial impasse due to the blockade, can now anticipate critical support. The change in Hungary's stance follows a parliamentary election loss for Prime Minister Viktor Orban, with leadership transitioning to Peter Magyar, who opposes blocking EU funds. This geopolitical maneuvering underscores the delicate balance of oil dependency and political alliances in the region.