Nordic-Baltic plan to keep Ukraine
Photo: Dan Bashakov/AP/TT

Nordic-Baltic plan to keep Ukraine economically afloat while Hungary blocks EU aid

Nordic and Baltic EU countries are reportedly working on a plan to keep Ukraine economically afloat as long as Hungary blocks the EU's new aid plan.

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According to sources cited by the news site Politico Europe, support totaling approximately SEK 300 billion is being discussed to keep Ukraine afloat during the first half of this year. The Netherlands also promised its own loan to Kyiv earlier this week.

The money will temporarily replace the giant loan of just over SEK 960 billion that the EU agreed to in December, but which Hungary has blocked by demanding that Russian oil first be allowed to flow through Ukraine.

The loan is considered urgent for Ukraine, which otherwise risked running out of money by early April. But, according to Politico Europe, the country is now expected to be able to get by until at least early May with the help of fresh disbursements from the International Monetary Fund (IMF).

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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