December 15, 2023
1 min read

Hungary Blocks €50 Billion EU Funding to Ukraine

Hungary has long opposed membership for Ukraine but did not veto that move…reports Asian Lite News

The Hungarian government has blocked 50 billion euros ($55 billion) in European Union (EU) funding for Ukraine hours after agreement was reached on starting membership talks.

In a post on X early Friday morning, Prime Minister Viktor Orban said: “Summary of the nightshift: veto for the extra money to Ukraine,veto for the MFF review. We will come back to the issue next year in the EUCO after proper preparation.”

Orban’s announcement came shortly after the EU leaders decided to open membership talks with Ukraine and Moldova and to grant candidate status to Georgia, the BBC reported.

Hungary has long opposed membership for Ukraine but did not veto that move.

Orban left the negotiating room here momentarily in what officials described as a pre-agreed and constructive manner, while the other 26 leaders went ahead with the vote.

Commenting on Orban’s opposition to the aid, Dutch Prime Minister Mark Rutte said: “We still have some time, Ukraine is not out of money in the next few weeks.”

“We agreed with the 26 countries. Viktor Orban, Hungary, were not yet able to do that. I am fairly confident we can get a deal early next year. We are thinking of late January,” the BBC quoted Rutte as saying.

The bloc’s leaders said that talks on aid for Ukraine would resume early next year.

Ukraine is critically dependant on EU and US funding as it continues to fight occupying Russian forces.

Ukrainian President Volodymyr Zelensky hailed the EU decision on membership talks as “a victory” for his country and “Europe”.

ALSO READ-EU to provide Hungary €920 mn for recovery

Previous Story

Kerala Moves SC Against Centre Over Economic Autonomy

Next Story

Dalai Lama: Tibetans Have Freedom in India Unlike Their Own Country

Latest from -Top News

China to raise tariffs on US goods to 125%

Trump’s universal tariffs on China total 145%. When Trump announced Wednesday that China faced 125% tariffs, he did not include a 20% tariff on China tied to its role in fentanyl production

Thousands of immigrants off from Social Security

The policy aligns with other high-profile anti-immigration measures taken by Donald Trump’s White House since his second term began, including sending more than 200 suspected gang members to a notorious prison in
Go toTop

Don't Miss

Ukraine denies ‘dirty bomb’ speculations

Dirty bombs are devices that combine conventional explosives with radioactive

EU plans significant increase in defence spending 

The ReArm Europe plan, which was announced earlier this month,