EU braced for no deal on €90B Ukraine loan as Orbán refuses to budge

Thursday, 19 March 2026RSS

Thursday's European Council summit saw tempers flare at Prime Minister Viktor Orbán for blocking the loan.

Context & Explainers

What is the European Council?

The European Council (Conselho Europeu) brings together EU heads of state or government to set the bloc’s overall political direction and priorities; it does not adopt ordinary legislation. Its president, Charles Michel, has chaired meetings since December 2019, and the Council’s political endorsement is important for major trade and investment deals, so those following EU policy should note its stance on agreements like the EU–Mercosur deal.

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