Reed NewsReed News

EU Offers Pipeline Repair Aid to Ukraine in Bid to Unblock Hungary's Hold on Ukraine Funding

PoliticsPolitics
EU Offers Pipeline Repair Aid to Ukraine in Bid to Unblock Hungary's Hold on Ukraine Funding
Key Points
  • The EU is reportedly offering Ukraine help to repair an oil pipeline carrying Russian oil to Hungary in exchange for Hungary unblocking a 90 billion euro EU loan to Ukraine.
  • Swedish Prime Minister Ulf Kristersson expressed concern about the financing arrangement, calling Hungary's actions 'completely unacceptable' while acknowledging EU unanimity is required.
  • Hungary has blocked both the Ukraine aid package and the EU's latest sanctions against Russia, citing the damaged pipeline that supplies Russian oil to Hungary and Slovakia.

The European Union is reportedly offering Ukraine assistance to repair an oil pipeline that carries Russian oil to Hungary, in an effort to persuade Budapest to stop blocking a multi-billion euro EU loan package for Ukraine. According to Swedish media reports, the EU's proposed solution involves helping Ukraine fix the Druzhba pipeline, which supplies Russian oil to Hungary and Slovakia, the only two EU countries exempt from the bloc's Russian oil import ban. ' He added, 'What Hungary is doing is completely unacceptable...

' Kristersson accused Hungary of 'holding Ukraine hostage' over the issue. The reported EU offer comes as Hungary has blocked the disbursement of a 90 billion euro loan to Ukraine that EU leaders agreed to in December. Hungary has cited the damaged oil pipeline, which it claims Ukraine has delayed repairing, as one reason for blocking both the Ukraine aid and the EU's latest sanctions package against Russia.

Sweden views the EU's offer to help Ukraine repair a pipeline carrying Russian oil to Hungary as an acceptable solution, despite sending an unfortunate signal

Ukraine has reportedly welcomed the EU's offer, while questions have been raised in other member states about whether EU funds should be used to persuade Hungary to agree to a decision already made.

Swedish Prime Minister Ulf Kristersson expressed concern about the loan's financing and called Hungary's actions unacceptable, but noted that unanimity is required in the EU

Ulf Kristersson, Swedish Prime Minister

Kristersson accused Hungary of holding Ukraine hostage and said the coming days, when leaders meet again for a summit in Brussels, will be decisive

Ulf Kristersson, Swedish Prime Minister

Transparency

How we verified this article

LowBased on 2 sources
2 sources4 Involved