European Union envoys gathered on Wednesday with most cautiously optimistic that a massive loan to help meet Ukraine’s military and financial needs for the next two years is close to being approved after months of deadlock.
Meeting in Brussels, the envoys assessed whether Hungary might lift its veto on the 90 billion euro ($106 billion) loan package, originally agreed in December, which Ukraine desperately needs to prop up its war-ravaged economy and help keep Russian forces at bay.
Hungary has insisted that it must start receiving supplies of Russian oil again via Ukraine before it will unblock the funds.