Hungary will not unblock 50 billion euros of financial aid to Ukraine until it receives the funds frozen by the European Commission

Hungary will not unblock 50 billion euros of financial aid to Ukraine until it receives the funds frozen by the European Commission

Kyiv  •  UNN

December 15 2023, 12:30 PM • 26870 views

Hungarian Prime Minister Viktor Orban will block a €50 billion EU aid package for Ukraine until Hungary receives €30 billion previously frozen by the European Commission.

The Hungarian government will not unblock  a new €50 billion package of European Union financial aid to Ukraine until Budapest receives the €30 billion frozen by the European Commission. This was stated by Prime Minister Viktor Orban on Friday, Bloomberg reported, UNN wrote. 

Details 

It is noted that this week the European Commission agreed to disburse to Hungary a third of the approximately 30 billion euros that had been blocked  due to the curtailment of democratic reforms after Budapest approved changes to the judicial system that strengthened  the independence of the courts. 

 When EU leaders meet again early next year to consider a €50 billion aid package for Ukraine, Hungary will first make sure it gets all of its "own money," Orban said. 

"This (meeting on the allocation of financial aid to Ukraine - ed.) is a great opportunity for Hungary to make it clear that it must receive everything it is due," the Hungarian prime minister said. 

As a reminder, 

Hungarian Prime Minister Viktor Orban said he had vetoed a multi-year, 50 billion euro aid package for Ukraine. 

Balázs Orbán, a political adviser to the Hungarian prime minister, warned that the decision to start negotiations on Ukraine's accession to the EU is only the beginning. Over the next few years, Kyiv will need to obtain about 70 unanimous decisions of the EU.