Berlin hopes Magyar’s victory in Hungary will unblock EU loan for Ukraine

The German government has expressed hope that the results of the Hungarian parliamentary elections, in which the opposition Tisza party led by Péter Magyar won, could accelerate the unblocking of an EU loan for Ukraine worth €90 billion ($105 billion).

A government spokesperson said Berlin expects the issue to move forward quickly following the change in the political situation in Budapest, Reuters reports.

The financing package is intended to cover Ukraine’s military and budgetary needs for 2026–2027 and was previously blocked at the final stage of approval by Hungarian Prime Minister Viktor Orbán.

Berlin believes the opposition’s victory could create conditions for a swift decision.

The vote "means there is ​hope that aid for ​Ukraine can be released very quickly," the spokesperson said. "The German government ​is working towards ​this - it is therefore looking forward ‌with ⁠anticipation to the swift formation of a government in Hungary."

Hungary was previously reported to have blocked a number of EU decisions concerning Ukraine, including sanctions packages and financial assistance discussions.

By Jeyhun Aghazada