The Berlin-backed €90 billion EU loan to Ukraine is “madness,” Sahra Wagenknecht has said
Veteran German politician Sahra Wagenknecht has lashed out at Chancellor Friedrich Merz after a €90 billion ($106 billion) emergency loan to Ukraine, which Berlin had been actively promoting, was approved by the bloc.
On Thursday, the European Council announced that the interest-free loan has been finalized and that it will begin disbursements “as soon as possible” in the second quarter of 2026. A day earlier, EU ambassadors agreed the transfer of funds to Vladimir Zelensky’s government, just hours after Kiev resumed the flow of Russian oil to Hungary and Slovakia via the Druzhba pipeline.
The financial package had previously been vetoed by Hungarian Prime Minister Viktor Orban, who rejected Ukrainian explanations about the pipeline being damaged in a Russian strike and insisted that Kiev halted oil supplies in January deliberately to influence the outcome of the election in Hungary. Orban’s Fidesz party ended up losing the April 12 vote to the pro-EU Tisza party led by Peter Magyar.
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