Hungary threatens to block EU loan to Ukraine unless Russian oil shipments resume

Hungary has issued a warning to veto a European Union financial aid package for Ukraine, valued at about 90 billion euros or approximately $106 billion, unless the flow of oil through the Druzhba pipeline is reinstated.

In a statement on Friday, Hungarian Foreign Minister Péter Szijjártó announced on the platform X that Hungary would resist the EU’s financial proposal until the Russian-affiliated Druzhba pipeline resumes its oil shipments.

Szijjártó accused Ukraine of leveraging its position by stopping oil transit in collaboration with Brussels and the Hungarian opposition, aiming to disrupt Hungary’s supply chain and drive up fuel costs ahead of elections.

He also argued that this interruption in oil flow contravenes the EU-Ukraine Association Agreement and undermines Kyiv’s obligations to the European Union.

Hungarian foreign minister addresses an audience at an international energy conference in Moscow.

During a session of Russian Energy Week in Moscow on October 15, 2025, Hungary’s Foreign Minister Péter Szijjártó addressed these issues. (Source: Ramil Sitdikov/Reuters)

The Druzhba pipeline has historically been a vital channel for transporting Russian oil to Central European nations, including Hungary. This is despite the broader EU initiative to reduce dependency on Russian energy resources following Russia’s extensive invasion of Ukraine in 2022.

The European Commission in January adopted a legislative package to implement a previously agreed 90 billion-euro loan to Ukraine for 2026 and 2027, aimed at supporting the country’s budgetary and military needs, according to a press release.

The financial commitment, known as the “Ukraine Support Loan,” would be structured as a limited recourse loan, with roughly 60 billion euros allocated for military assistance and 30 billion designated for general budget support.

Industrial refinery complex with storage tanks and processing towers near Szazhalombatta, south of Budapest.

A general view of Hungarian oil company MOL’s Duna Refinery near Szazhalombatta, about 30 kilometers south of Budapest, on May 5, 2022. (Attila Kisbenedek/AFP via Getty Images)

The Commission said the funding is intended to help Ukraine maintain essential state functions, bolster its defense capabilities and strengthen resilience as the war with Russia continues.

The loan would be financed through common EU borrowing on capital markets and guaranteed by the EU budget. The Commission also noted that the EU reserves the right to use immobilized Russian assets within the bloc, in accordance with EU and international law, to repay the loan.

Ukraine’s Ministry of Foreign Affairs on Saturday rejected what it called “ultimatums and blackmail” from the governments of Hungary and Slovakia over energy supplies, accusing both countries of taking actions that are “provocative, irresponsible, and threaten the energy security of the entire region.”

Section of the Druzhba oil pipeline running through an industrial facility in Szazhalombatta, Hungary.

The Druzhba oil pipeline between Hungary and Russia at the MOL Group’s Danube Refinery in Szazhalombatta, Hungary, on May 18, 2022. (Bernadett Szabo/Reuters)

“Ukraine is in constant contact with representatives of the European Commission regarding the damage to Ukrainian energy infrastructure caused by daily Russian strikes. We have also provided information about the consequences of these Russian attacks on the Druzhba oil pipeline infrastructure to the governments of Hungary and Slovakia,” the ministry said in a statement. “Security and stabilization repair work continues amid daily threats of new missile attacks. Ukraine has also proposed alternative ways to resolve the issue of supplying non-Russian oil to these countries.”

It added that Ukraine remains a “reliable energy partner” to the European Union and argued that “ultimatums should be sent to the Kremlin, and certainly not to Kyiv.”

You May Also Like
Gilgo Beach serial killer Rex Heuermann kept 'Dexter'-style kill room but wasn't as smart as he thought: DA

DA: Rex Heuermann’s Alleged Gilgo Beach ‘Dexter’-Style Kill Room Reveals Major Investigative Mistakes

RIVERHEAD, N.Y. — Rex Heuermann, who will spend the rest of his…
Federal Reserve holds interest rates steady amid resurgent inflation

Fed Holds Interest Rates Steady as Inflation Pressures Reemerge

The Federal Reserve held its benchmark interest rate steady on Wednesday as…
Guards at 'Alligator Alcatraz' beat, pepper-sprayed detainees, lawyer says

DHS Evacuates All Detainees From ‘Alligator Alcatraz’ as Hurricane Threat Forces Emergency Move

All detainees housed at “Alligator Alcatraz,” a migrant detention center in the…
Jeanine Pirro calls out 'dirtbags' after 14 charged in alleged cocaine ring operating feet from a schoolyard

Jeanine Pirro Slams Alleged Cocaine Ring Near Schoolyard as 14 Are Charged

Jeanine Pirro reveals DC police officers manipulated crime stats to make city…
Smiling suspect stands out as authorities release mugshots of 5 accused in alleged White House UFC attack plot

Authorities release mugshots of five suspects in alleged White House UFC attack plot, with one image drawing attention

New details emerge on alleged UFC terror plot targeting White House Authorities…
Man dies after carriage horse gets loose in New York City's Central Park, crash

Central Park Carriage Horse Crash Leaves Man Dead After Runaway Incident in NYC

NEW YORK — An 18-year-old man died after being critically injured in…
Hollywood Is Having An Inflection Moment As Established Properties Are Getting Hammered by the Upstarts

Hollywood Inflection Point: New Upstarts Overtake Established Franchises at the Box Office

Through this point in 2026, the domestic box office has posted an…
LaGuardia shuts down runway for second time in weeks after pavement issue resurfaces

LaGuardia Closes Runway Again as Recurring Pavement Problem Disrupts Flights

Sinkhole at LaGuardia Airport forces runway shutdown amidst busy holiday travel A…
Colombian military neutralizes five terrorists accused in bus bombing that killed 20, injured 45 civilians

Colombian Military Kills Five Suspects Linked to Bus Bombing That Left 20 Dead and 45 Injured

Colombian military forces said Wednesday they had neutralized five alleged members of…
Austin Metcalf’s dad supported Karmelo Anthony judge’s hard line on cameras

Austin Metcalf’s Father Backs Judge’s Tough Stance on Cameras in Karmelo Anthony Case

FRISCO, Texas — Jeff Metcalf, the father of Austin Metcalf, said he…
Elon Musk demands prison for politicians who 'turned a blind eye' to grooming gangs as new report released

Elon Musk Calls for Jail Time for Politicians Who Ignored Grooming Gangs, Explosive New Report Reveals

Elon Musk thrust Britain’s grooming gangs scandal back into the international spotlight…
Air Force identifies 8 crew members killed in B-52 Stratofortress crash at Edwards Air Force Base

Air Force Identifies Eight Service Members Killed in B-52 Stratofortress Crash at Edwards Air Force Base

Officials on Wednesday released the names of the eight people killed in…