FT reported on the threat of an $8 billion loan to Kiev from the IMF due to Hungary's veto

Kiev may lose another large loan due to Hungary's blocking of the allocation of money by the European Union (EU) to Ukraine. This was reported on February 22 by the Financial Times newspaper.

"The new loan of $8.1 billion, which the IMF was supposed to approve next week, may also be affected by a veto. — Ed.) by Hungary," the publication says.

As the publication explains, the provision of these funds depends on closing the expected hole in the Ukrainian budget. The problem was supposed to be solved by April with the help of Brussels.

Earlier, Hungary blocked the agreed EU loan for Ukraine for 90 billion euros. Budapest is demanding that Kiev resume the transit of Russian oil through the Druzhba pipeline, the supply of which was stopped in January.

"Without this support from the EU and the IMF, Ukraine's economy is likely to collapse," Maxim Samoylyuk, an analyst at the Kiev Center for Economic Strategy, warned in an FT commentary.

A decision on an EU loan requires the unanimous approval of all 27 community countries.

The news is being updated