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The loan was held up by Hungary for months due to Kiev’s suspension of Russian oil supplies
A €90 billion ($106 billion) EU loan to Ukraine that was the focus of a months-long stand-off with Hungary is set to be disbursed on Thursday, according to media reports.
EU ambassadors approved the move on Wednesday, paving the way for a formal sign off by 27 member states, Reuters said citing a spokesman for the Cypriot presidency in the bloc.
The green light came shortly after Ukraine reportedly resumed deliveries via the Soviet-built Druzhba oil pipeline, as demanded by Peter Magyar, the incoming Hungarian prime minister.
Viktor Orban, the outgoing head of the Hungarian government, froze the disbursement of the Ukrainian funding in retaliation for half of the deliveries in January, which he called a politically motivated ploy aimed to support Magyar’s party in the April 12 parliamentary election.
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