EU Currently Lacks "Plan B" for €90 Billion Ukraine Loan Blocked by Hungary

Despite urgent appeals from Ukrainian President Volodymyr Zelenskyy for alternative financing mechanisms, the European Union currently has no official "Plan B" to bypass Hungary's blockade on a €90 billion loan to Ukraine.

According to a report by European Pravda, numerous sources in Brussels have confirmed that no viable substitute for the €90 billion financial package has been established yet. While European officials have not abandoned the search for a solution, a formal contingency plan remains elusive.

No Legally Viable Alternatives

"None of the options voiced in these discussions currently look legally viable, sources unanimously insist," the publication noted. However, if Hungarian Prime Minister Viktor Orban continues to block the funds even after upcoming parliamentary elections, EU officials are reportedly exploring various countermeasures, including potential methods to circumvent Budapest's veto.

The Three-Step Path to Resolution

European diplomats currently envision a positive resolution contingent upon a specific sequence of three events:

• First, the parliamentary elections in Hungary must take place.
• Second, Ukraine must resume operations of the "Druzhba" oil pipeline.
• Finally, following these two developments, Orban is expected to lift his veto.

Sources indicate that serious work on a concrete "Plan B" will only commence if the first two steps are completed but the Hungarian veto remains in place.

Future Contingencies

Meanwhile, media reports suggest that Brussels is already deliberating over five distinct action plans. These strategies are being prepared in the event that Viktor Orban's party secures a victory in the Hungarian parliamentary elections and continues its obstruction of the financial aid.