EU

Ukrainian President Volodymyr Zelenskyy firmly rejected the notion of partial EU membership during discussions at an informal summit in Cyprus, asserting that Ukraine deserves full membership. Following the unblocking of a €90 billion loan and new sanctions against Russia, focus shifts to Hungary’s ongoing veto of Ukraine’s EU accession.

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Scandinavian Airlines has cancelled around 1,000 flights, while Lufthansa has eliminated 20,000 routes amid soaring jet fuel prices, attributed to the closure of the Strait of Hormuz. The European Commission contends these cancellations stem from airline profitability issues, not fuel shortages.

EU High Representative Kaja Kallas indicated that using Russia’s frozen assets to finance Ukraine is still possible if Viktor Orbán maintains his veto on the €90 billion loan. Orbán blocked this financial support due to a dispute over the Druzhba oil pipeline, impacting Ukraine’s funding amid ongoing conflict.

Energy Commissioner Dan Jørgensen has urged EU countries to implement coordinated measures to reduce oil and gas consumption amid rising prices due to the Iran conflict and Strait of Hormuz closure. He warned against fragmented responses, stressing the need for a unified approach to ensure supply stability.

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