Kyiv: Ukraine has called on the European Union to urgently release a long delayed financial package as the country faces growing economic pressure from the ongoing war.
Foreign Minister Andrii Sybiha made the appeal during a recent call with EU foreign policy chief Kaja Kallas. He stressed the importance of unblocking a major loan worth about 90 billion euros that is expected to support Ukraine’s economy and government operations.
The loan is seen as critical for Ukraine as it continues to deal with the impact of the war, including damage to infrastructure and rising financial needs. Officials say the funds will help maintain basic services and strengthen the country’s ability to manage the crisis.
For months, the package has been held up due to political disagreements within the European Union. The main obstacle had been Hungary, where former Prime Minister Viktor Orbán opposed further aid to Ukraine and delayed key decisions.
However, recent political changes in Hungary have created new hope. The election of Péter Magyar is seen as a possible turning point. He is expected to take a more cooperative approach with the European Union and could help remove the block on the loan.
European leaders are now watching closely to see if the new leadership in Hungary will allow the funds to move forward. Some officials believe the approval process could speed up in the coming weeks if there are no further objections.
At the same time, Ukraine is facing increasing economic challenges. Continued attacks, global tensions, and rising energy costs are putting pressure on the country’s finances. These factors have made the release of the loan even more urgent.
Ukraine is also strengthening ties with key European partners. President Volodymyr Zelenskiy has been in talks with several leaders, including German Chancellor Friedrich Merz, as part of efforts to secure continued support.
The European Union has already provided significant aid to Ukraine since the start of the war, but officials say more support is needed to ensure stability.
With political conditions in Europe beginning to shift, Ukraine is hoping that long delayed financial support will finally be released, offering some relief at a critical moment.