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

Heating Up: CENTCOM Slams Over 80 Iranian Targets After Shipping Attacks, Mullahs Vow 'Crushing Response'

CENTCOM Strikes Over 80 Iranian Targets After Shipping Attacks as Iran Vows Crushing Response

U.S. Central Command said Tuesday that American forces struck more than 80…
San Diego erupts as invasive plans would see new homes pop-up on their actual doorsteps

San Diego Residents Push Back Against Controversial Plan to Build Homes Near Their Doorsteps

San Diego is moving forward with plans for a major new community…
New FX show 'The Shards' will feature music from Troye Sivan and longtime collaborator Leland, plus series star Hayes Warner

FX’s The Shards Taps Troye Sivan, Leland and Star Hayes Warner for New Music

The ensemble cast of “The Shards” features Kaia Gerber, Wes Bentley, Evan…
Tennessee railway conductor Jack Peterson fired over his viral Independence Day message to passengers

Tennessee Railway Conductor Jack Peterson Fired After Viral Independence Day Passenger Message

A conductor on Tennessee’s historic Incline Railway has been fired after a…
Oil prices rise 8%, and Dow drops 800 points after Trump says ceasefire with Iran is 'over'

Oil Prices Surge 8% as Dow Falls 800 Points After Trump Says Iran Ceasefire Is Over

BANGKOK — Oil prices moved higher and global stock markets retreated Wednesday…
US bombing Iran for 2nd straight day after Trump declares cease-fire 'over' for 'sick' regime 

US Bombs Iran for Second Day After Trump Declares Cease-Fire Over

President Trump authorized a new wave of US airstrikes against Iran on…
California workers unload on Gavin Newsom’s return-to-office order

California Workers Push Back Against Gavin Newsom’s Return-to-Office Order

State employees have returned to downtown Sacramento for their first full workweek…
Spencer Pratt shares glimpse inside White House Trump visit

Spencer Pratt Shares Inside Look at White House Visit With Trump

Spencer Pratt is sharing a personal moment from his visit to President…
Tyler Robinson preliminary hearing news: DNA evidence from Charlie Kirk assassination disputed by defendant's lawyers

Tyler Robinson Preliminary Hearing: Defense Disputes DNA Evidence in Charlie Kirk Assassination Case

PROVO, Utah — Prosecutors on Wednesday showed a courtroom video clip of…
'The Pitt' and 'Pluribus' are poised to compete for top honors as Emmy nominations are announced

The Pitt and Pluribus Emerge as Leading Emmy Contenders as Nominations Are Revealed

LOS ANGELES — “Pluribus” may be poised for a historic first season,…
Hulu revisits serial murder case involving 10,000 human remains in 'Return to Fox Hollow: New Victims, Darker Secrets'

Hulu’s Return to Fox Hollow Reopens Serial Murder Case Tied to 10,000 Human Remains

Hulu is taking a deeper look at the Fox Hollow Farm serial…
Taste of Chicago dates 2026: Common, Beach Bunny to headline Grant Park festival | What to know

Taste of Chicago 2026 Dates Set as Common and Beach Bunny Headline Grant Park Festival

CHICAGO (WLS) — Taste of Chicago returns to Grant Park on Wednesday,…