Hungary may release €90 billion for Ukraine on one condition
Following Viktor Orbán’s defeat in the Hungarian parliamentary elections, his opponent Péter Magyar stated that a new government could be formed as early as mid-May. According to Reuters, it is precisely this change of government in Budapest that opens up the possibility of unblocking the €90 billion EU loan for Ukraine, which Hungary had previously blocked.
Back in February 2026, Budapest officially linked its position on this loan to the resumption of Russian oil supplies via the Druzhba pipeline. At the time, Hungarian Foreign Minister Péter Szijjártó stated that the country would block the release of funds to Ukraine until transit was resumed.
Following his election victory, Magyar confirmed that the issue of fuel supplies and the stable operation of the energy system would be one of the new government’s priorities. On 15 April, Reuters reported that the politician plans to hold talks with MOL’s management and will focus specifically on the country’s fuel security amid disruptions linked to the conflict over Iran and the suspension of pumping through the Druzhba pipeline.
Reuters also notes that Mádor’s victory effectively removes one of the main opponents of substantial financial aid to Ukraine within the EU. At the same time, Hungary’s new leader does not position himself as an unconditional ally of Kyiv and, according to the agency’s assessment, will seek to combine a more pro-European course with the protection of Hungarian national interests.
Thus, the release of €90 billion for Ukraine now largely depends on how quickly a new government is formed in Hungary and whether it can overcome the political objections left behind by Orbán’s cabinet. At the same time, Budapest is likely to seek to secure guarantees of energy stability for itself.
As reported by ThePublic, the European Union expects to return swiftly to the issue of the €90 billion aid package for Ukraine following Viktor Orbán’s defeat in the Hungarian elections. Berlin has already stated that it hopes for a “very swift” release of the package, which Budapest had previously blocked due to the dispute over the oil pipeline.
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