BUDAPEST, Hungary (AP) — Russian supplies of crude oil began flowing into Hungary on Thursday, Hungarian energy group MOL said in a statement, bringing an end to a nearly three-month interruption in deliveries through the Druzhba pipeline that led to spiralling political tensions with Ukraine.
In the statement, MOL said it had “received crude oil at the Fényeslitke and Budkovce pumping stations earlier Thursday. Crude oil deliveries via the Druzhba pipeline system have thus resumed to Hungary and Slovakia after a hiatus of nearly three months.”
THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.
BRUSSELS (AP) — The European Union on Thursday approved a massive loan package to help Ukraine meet its economic and military needs for the next two years, the bloc’s Cypriot presidency said, after Hungary lifted its veto.
The EU also approved a new raft of sanctions against Russia over its war on Ukraine. The measures were prepared early this year and set to be announced in February to mark the fourth anniversary of the conflict, but Hungary and Slovakia opposed the move.
Hungary and Slovakia have been locked in a feud with Ukraine since Russian oil deliveries to the two EU countries were halted in January after a pipeline was damaged. Ukrainian officials blamed the damage on Russian drone attacks.
Ukraine desperately needs the 90-billion-euro ($106 billion) loan package to prop up its war-ravaged economy and help keep Russian forces at bay. Hungary angered its EU partners by reneging on a December deal to provide the funds.
“Today the Council approved the final element needed to allow for the disbursement of the 90-billion-euro loan for Ukraine,” Cypriot Finance Minister Makis Keravnos said. “Loan disbursements will start flowing as soon as possible, providing vital support for Ukraine’s most pressing budgetary needs.”
The political greenlight for the loan package came after Russian oil began flowing to Slovakia again through the Druzhba pipeline that crosses Ukraine. Populist Slovak Prime Minister Robert Fico welcomed that development, calling it “good news.”
“Let’s hope a serious relation between Ukraine and the European Union has been established,” Fico said.
Source: WPLG