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Orbán: “No Money Without Oil” for Ukraine

Published March 19, 2026, 10:10
Orbán: “No Money Without Oil” for Ukraine

Hungarian Prime Minister Viktor Orbán has been blocking a €90 billion loan to Ukraine for months, causing strong reactions within the EU. This stance is linked to the election period in Hungary and his demand for the resumption of Russian oil deliveries via the Druzhba pipeline, which has been damaged by Russian strikes. Orbán categorically states that he will not agree to the loan unless oil deliveries are resumed, using the slogan “No oil, no money.” The persistence of Hungary is causing frustration among European partners, who believe the country is blackmailing the EU to serve its internal political needs. The EU tried to reach a compromise by offering financial aid and sending a team of experts to repair the Druzhba pipeline, but Orbán does not seem willing to back down. Orbán accuses Ukraine of seeking to draw his country into the war and uses this narrative to rally his voters ahead of the April 12 elections. Polls show his party is losing ground, which strengthens his determination to maintain a tough stance. The situation remains deadlocked and the outcome of the summit in Brussels is uncertain.