EUROPE
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Zelenskyy urges EU to bypass Hungary veto on $103B Ukraine loan
Ukrainian leader visits Spain after London as part of efforts to keep the war with Russia a priority in Europe, despite the US-Israeli war on Iran dominating attention.
Zelenskyy urges EU to bypass Hungary veto on $103B Ukraine loan
"Nothing and nobody can make us forget what is happening in Ukraine," Sanchez said. / Reuters
an hour ago

Ukrainian President Volodymyr Zelenskyy has urged the European Union to overcome Hungary's veto on a $103 billion loan vital to his country.

Zelenskyy, during a visit to Madrid to meet Spanish Prime Minister Pedro Sanchez on Wednesday, said he considered that the "main issue" of an EU summit that will be held on Thursday and Friday in Brussels.

"We are really counting on the countries and the EU to find ways to resolve this issue," he said.

Zelenskyy, who had previously called Hungary's position "blackmail", said in Madrid that "it is unfair" that the loan was being held up, as it was agreed before the end of 2025.

"In my view, appropriate arguments will be found" to have the loan unblocked, he said.

RelatedTRT World - Germany, Belgium accuse Hungary of 'crossing a red line' over Ukraine veto

Dispute over Druzhba pipeline

The EU and its member states provided about $224.9 billion in support to Ukraine, including $80.4 billion in military aid. In December 2025, EU leaders agreed to provide a $103.8 billion loan for 2026-2027.

Hungary's Prime Minister Viktor Orban Russian President Vladimir Putin's closest ally in the EU has been blocking the loan to Kiev, in part because of a pipeline that supplies his country with Russian oil that has been closed in Ukraine.

Ukraine has said the Druzhba pipeline was damaged by Russian strikes in January. The EU on Tuesday said it has offered to send European experts to help repair the conduit.

RelatedTRT World - Hungary, Slovakia seek joint probe into Druzhba pipeline damage

‘We will continue to be by your side’

The Ukrainian leader was making his visit to Spain after a stop in London on Tuesday seen as part of an effort by Kiev to keep the war against Russia a priority for European capitals, even as they grapple with fallout from the US-Israeli war against Iran that is consuming the Middle East.

"Nothing and nobody can make us forget what is happening in Ukraine," Sanchez told a news briefing alongside Zelenskyy after the two met.

"We will continue to be by your side, as we always have been," the prime minister said.

Sanchez said Spain and Ukraine will work together in the area of the defence industry, and ministers from both countries signed several cooperation accords in various sectors.

Sanchez also announced a plan for "bilateral support" amounting to $1.1 billion for 2026.

The visit to Spain was Zelenskyy's fourth since the war started in February 2022.

The Ukrainian president was expected to meet with Spain's King Felipe VI later on Wednesday.

RelatedTRT World - Hungary parliament adopts resolution opposing Ukraine's EU membership, war aid