EconomyLens.com
No Result
View All Result
Thursday, March 19, 2026
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Other

Defiant Orban digs in over blocked Ukraine loan at EU talks

Emma Reilly by Emma Reilly
March 19, 2026
in Other
Reading Time: 8 mins read
A A
0
21
SHARES
260
VIEWS
Share on FacebookShare on Twitter

Ukrainian President Volodymyr Zelensky (left) and Hungarian Prime Minister Viktor Orban have been embroiled in an escalating row. ©AFP

Brussels (Belgium) (AFP) – A defiant Hungarian leader Viktor Orban vowed Thursday to keep blocking a massive loan for Ukraine despite heavy pressure from EU partners, who were headed into a Brussels summit hoping to unlock the much-needed funding. Moscow’s closest partner in the bloc, the nationalist prime minister has long resisted helping Kyiv to repel Russia’s invasion, stalling EU aid and repeated rounds of sanctions.

Related

Energy prices soar, Iran and US trade threats after Qatar gas hit

Oil prices surge, stocks sink on energy shock fears

Key Middle East energy sites under fire

‘No oil, no money’: Orban brings Ukraine standoff to Brussels

Crude prices surge, stocks sink as Iran warns of regional energy strikes

This time around, Orban is holding up a 90-billion-euro ($104 billion) loan as leverage in a feud over damage to a pipeline running through Ukraine — which has choked the flow of Russian oil to Hungary and Slovakia. “The Hungarian position is very simple. We are ready to support Ukraine when we get our oil, which is blocked by them,” Orban said on arriving at the Brussels summit — which Ukraine’s Volodymyr Zelensky was to address by videolink later in the day.

The EU’s top diplomat Kaja Kallas warned on arrival it was “really, really time” to show support for Ukraine by unlocking the funding — which Hungary’s prime minister signed up to in December along with the rest of the bloc. But Orban appeared determined to play hardball, as he leans into anti-EU and anti-Ukrainian narratives ahead of close-fought national elections on April 12 — to the exasperation of fellow EU leaders. “He’s using Ukraine as a weapon in his election campaign, and it’s not good. We had a deal,” said Finland’s Prime Minister Petteri Orpo.

The weeks-long spat has seen landlocked Hungary and Slovakia both accuse Ukraine of stalling on pipeline repairs — while Zelensky has called it “blackmail” to link the issue to support for its war effort. The European Commission moved this week to unblock the situation by sending a team to help restore oil transit, but Budapest has dismissed the initiative, with Orban describing it as a “fairy tale” Thursday. “We are waiting for the oil,” Orban told reporters — calling the matter “existential” for Hungary. “It’s not a joke, it’s not a political game.”

Others disagreed — suggesting the block was squarely motivated by national politics. Cue a looming showdown and a tricky balancing act for Orban’s EU counterparts. “It will be complicated before the elections in Hungary; I have the impression that this is part of his election campaign,” said Belgium’s Bart de Wever. “In any case, we have to implement the decisions we’ve made here,” he added, calling Orban’s U-turn “unacceptable.”

– ‘No Plan B’ – It’s a well-worn routine in Brussels, where Orban has held up countless decisions on Ukraine, and solutions have ultimately been found — in one famous case having him leave the room while the bloc approved the start of membership talks with Kyiv. A German government official described a “certain momentum” on the pipeline issue — seeing a chance of a breakthrough when leaders come face-to-face on Thursday.

But the message from other capitals was less optimistic. “Will we make progress? I have strong doubts,” said an EU diplomat, predicting Orban was “not going to budge” on a stance playing well with his voter base at home. Complicating matters, leaders are wary of offering Orban — who is trailing main rival Peter Magyar in the polls — a chance to bolster his image as a maverick on the EU stage by publicly ganging up on him.

Failure to break the deadlock this week would most likely push the issue back until after the Hungarian vote, whatever its outcome. Can Ukraine hold out until then? Unclear, say EU insiders. Facing a budget shortfall four years into the war, Kyiv is estimated to need an influx of funds in early May — implying a decision to unlock the EU loan by mid-April.

As Orban has dug in, there has been talk of alternative solutions to help keep Ukraine afloat — but a second EU diplomat poured cold water on the notion. “There’s no bridging solutions or Plan B. There’s only one plan, and that’s Plan A,” they said. “Orban should deliver on his promise.”

© 2024 AFP

Tags: EUhungaryUkraine
Share8Tweet5Share1Pin2Send
Previous Post

Middle East war: global economic fallout

Next Post

Alibaba pins hopes on AI as quarterly net profit drops

Emma Reilly

Emma Reilly

Related Posts

Other

Iran targets Gulf energy sites after gas field strike

March 18, 2026
Other

Slovakia curbs diesel sales, ups prices for foreigners

March 18, 2026
Other

Oil surges as Iran gas facilities hit, stocks slide

March 18, 2026
Other

Trump administration takes steps to curb energy cost hikes

March 18, 2026
Other

Troubled waters: Thai fishermen marooned by rising fuel costs

March 18, 2026
Other

Global music market grows, calls for AI compensation: industry body

March 18, 2026
Next Post

Alibaba pins hopes on AI as quarterly net profit drops

Oil soars 10% after Qatar energy sites hit in Mideast war

Energy prices soar, Iran and US trade threats after Qatar gas hit

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

96

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Energy prices soar, Iran and US trade threats after Qatar gas hit

March 19, 2026

Oil soars 10% after Qatar energy sites hit in Mideast war

March 19, 2026

Alibaba pins hopes on AI as quarterly net profit drops

March 19, 2026

Defiant Orban digs in over blocked Ukraine loan at EU talks

March 19, 2026
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.