Hungary does not intend to continue blocking the allocation of a $90 billion EU loan to Ukraine, Peter Magyar, leader of the TISA party that won the election, said at a press conference.
Meanwhile, Magyar stressed that Hungarian funds will not be used for this European loan.
A €90 billion loan to Ukraine was agreed by EU leaders (including former Hungarian Prime Minister Viktor Orbán) in December 2025. Hungary – as well as the Czech Republic and Slovakia – was given the opportunity not to allocate its own funds to the loan.
A formal vote by EU leaders on the loan was scheduled for February. Shortly before that, Orban announced that Hungary would withdraw its approval and veto the loan. The reason for this was the stoppage of Russian oil pumping into Hungary via the Druzhba pipeline – and Ukraine claimed this was due to an attack by Russian drones. There was no independent confirmation of this. Kyiv refused to allow European inspectors to enter the site. According to Vladimir Zelensky’s latest estimates, the oil pipeline is scheduled to be repaired by the end of spring.