Hungary has lifted its veto on a crucial EU loan package, paving the way for the European Union's 27 member states to formally approve the financial aid. The move comes after Hungary's energy concerns were addressed, with oil deliveries resuming to the country. The loan package, worth billions of euros, is aimed at supporting member states struggling with the economic impacts of the war in Ukraine. With Hungary's veto now lifted, the EU is on track to meet its ambitious deadline for approving the loan, providing much-needed relief to countries hit by the energy crisis.
Resumption of oil deliveries enables Hungary to lift veto, with EU's 27 members now on track to formally approve loan.
