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Hungary exercised its veto to block a €90 billion European Union loan package intended for Ukraine. This decision occurred shortly before the two-year anniversary of Russia's invasion. In response, EU leaders, including European Commission President Ursula von der Leyen, have called on Hungary to adhere to the previously agreed-upon arrangement. Following the obstruction of these funds, Estonian Prime Minister Kaja Kallas has proposed that the EU explore alternative financial mechanisms, specifically suggesting a reconsideration of using frozen Russian assets to provide support for Ukraine.
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5 topics | 61 sources
Feb 24 — Feb 27
Hungary blocks EU's Ukraine aid package and objects to funding cuts for family programsHungary has vetoed a €90 billion European Union loan package intended to support Ukraine, blocking a major EU aid initiative. The decision comes as the EU seeks to cut funding for family programs to help pay for Ukraine aid, a move Hungary strongly objects to. This creates a significant obstacle for European support to Ukraine just before the two-year anniversary of Russia's invasion.