Hungary to block EUR 90 bln loan to Ukraine over oil stoppage, minister says

Hungary has announced plans to block a EUR 90 billion loan to Ukraine due to disruptions in oil supplies. This decision comes after the Druzhba pipeline, which is crucial for transporting Russian crude oil to Hungary and Slovakia, has been inactive since January 27. The interruption of oil shipments was reportedly caused by a Russian drone attack that damaged the pipeline, according to Ukrainian officials. As a result, Hungary's Prime Minister Viktor Orbán has accused Ukraine of plotting to disrupt Hungary's energy system, escalating tensions between the two nations. Despite Hungary's concerns, the European Union has stated that neither Hungary nor Slovakia is at risk of oil shortages. The ongoing dispute over oil supplies has intensified the already strained relations between Ukraine and its neighboring countries. Slovakia has also threatened to stop supplying electricity to Ukraine unless the country resumes the transportation of Russian oil, further complicating the situation. The Druzhba pipeline serves as the primary conduit for Russian crude deliveries to Central Europe, and its closure has significant implications for energy security in the region. The conflict over oil supplies highlights the challenges faced by Hungary and Slovakia as they navigate the impact of the ongoing war in Ukraine on their energy infrastructure. The situation remains fluid as Hungary seeks to address its energy needs while responding to the disruptions caused by the conflict.