February 22, 2026
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4:51Now PlayingHungary has blocked a €90 billion (USD 106.1 billion) European Union loan to Ukraine, citing Kyiv’s refusal to resume crude oil deliveries via the Druzhba pipeline, Hungarian Foreign Minister Peter Szijjarto said. The minister accused Ukraine of political blackmail in collusion with Brussels and Hungary’s opposition, warning that petrol prices could rise to 1,000 forints (€2.6 / $3.1) per liter. Szijjarto emphasized that Ukraine’s actions violate the EU-Ukraine Association Agreement and that there are no technical obstacles to restarting deliveries, making the blockade a political decision. Hungary’s veto effectively places the 2026–2027 €90 billion EU loan on hold, demonstrating how energy dependencies, domestic politics, and EU decision-making intersect to create a high-stakes geopolitical standoff.
#hungary, #ukraine, #druzhbapipeline, #eu, #euloan, #peter-szijjarto, #oilblockade, #energycrisis, #politicalblackmail, #petrolprices, #budapest, #kyiv, #geopolitics, #associationagreement, #euconflict
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