EU cannot approve large loan for Ukraine due to Hungarian veto

The European Union is unable to move forward with a planned 90 billion euro loan for Ukraine because Hungary is blocking the decision. This has created a standoff at an EU summit, leaving the financial aid package in limbo.

Some Ukrainian officials have said they still expect the loan process to start next month, but the situation remains unresolved. The delay is linked to upcoming elections in Hungary, which are complicating the political negotiations.