EU Vows to Deliver €90 Billion Ukraine Loan Despite Hungarian Resistance

European Commission President Ursula von der Leyen vows to deliver promised aid to Ukraine despite Viktor Orban’s ongoing blockade at the Brussels summit.

By: AXL Media

Published: Mar 21, 2026, 9:57 AM EDT

Source: Reuters

Deadlock in Brussels

The summit, intended to finalize a vital support package for Kyiv, ended without a unanimous agreement. EU Council President Antonio Costa described Hungary’s resistance as "unacceptable," emphasizing that the European Council would not be "blackmailed" into abandoning its commitments.

German Chancellor Condemns "Disloyalty"

German Chancellor Friedrich Merz offered a scathing assessment of Orban’s tactics, labeling the veto an unprecedented "act of serious disloyalty." Merz argued that the blockade violates the fundamental principle of solidarity among member states and significantly damages the European Union’s international standing. He confirmed that the Commission is now exploring legal and financial "workarounds"—likely involving bilateral guarantees from the remaining 26 member states—to ensure the funds reach Ukraine.

Global Market Context: The Iran War Factor

The urgency of the loan comes as global markets face extreme volatility. Financial market professionals are closely monitoring the fallout from the Iran war, which has triggered: