Hungary Election Could Unlock Ukraine Aid, EU Loan

Europe’s financing and political track for Ukraine could shift after Hungary’s recent election ended Prime Minister Viktor Orbán’s tenure, according to European Commissioner for Enlargement Marta Kos, who spoke on Tuesday. Kos said the leadership change may help clear the way for a €90 billion loan to Ukraine and support progress on Ukraine’s European Union accession process.

Officials have described Orbán as having held an effective veto over the funds. The blockage was tied to a separate dispute with Ukraine involving a damaged pipeline that carries Russian oil, according to the same account. With a new government in Budapest, Kos indicated the obstacle could be removed, potentially opening access to financing that would be significant for Ukraine’s near-term needs.

In parallel, Britain is preparing additional support for Ukraine. Chancellor Rachel Reeves is expected to confirm a £752 million payment on Wednesday, officials said. The payment is part of a broader £3.36 billion loan package intended to fund weaponry, including long-range missiles, air defense systems, and drones.

Separately, Norway and Ukraine have agreed to deepen bilateral defense cooperation. The arrangement includes producing Ukrainian drones in Norway and sharing data and knowledge between the two countries, according to the details provided. The agreement adds another channel for defense-industrial collaboration as Ukraine seeks to sustain capabilities while the war continues.

Ukrainian President Volodymyr Zelenskyy raised concerns on Tuesday about the focus of U.S. peace negotiators. He said the conflict in Iran may be absorbing attention in a way that could affect focus on Ukraine and the flow of arms deliveries. Zelenskyy pointed to U.S. officials Steve Witkoff and Jared Kushner—described as involved in talks with Moscow—saying they are currently engaged in discussions with Iran.

In the United States, officials extended sanctions relief related to Russian oil company Lukoil until October 29. The measure allows Lukoil’s fuel stations outside Russia to keep operating, with the stated aim of reducing the risk of crude price spikes. The extension underscores how energy-market stability considerations can intersect with sanctions policy even as Western governments maintain pressure on Russia.