Espreso. Global

Hungary won't block creation of €5 billion EU military fund for Ukraine - media

25 January, 2024 Thursday
18:16

Hungary won't prevent creation of the EUR 5 billion military fund for Ukraine, which will allow it to initiate an agreement to modernize the mechanism of stable arms supplies to Kyiv

Bloomberg reported this.

The article says that Budapest will not prevent a consensus from being reached at a meeting of EU ambassadors on Wednesday, January 31.

This decision means a change in the position of the country, which did not support the reform of the current EU mechanism. It reimburses member states for the weapons they send to Ukraine.

Bloomberg also emphasizes that this decision coincides with the growing pressure on Hungarian Prime Minister Viktor Orban to approve Sweden's accession to NATO. Currently, Hungary is the only country preventing this, as Turkey has already supported the application on January 23.

The publication reminded that Budapest is also blocking EUR 50 billion in financial aid to Ukraine and the disbursement of the last tranche of EUR 500 million from the European Peace Fund (EPF). Hungarian Foreign Minister Péter Szijjártó said that his country might consider supporting the disbursement of funds after a meeting with his Ukrainian counterpart, Dmytro Kuleba, scheduled for Monday, January 29.

What is known about Hungary's blocking of EU aid to Ukraine

On December 15, 2023, Viktor Orban vetoed the EU's decision on the EUR 50 billion budget assistance program for Ukraine.

On December 15, it was reported that the EU had found a way to circumvent Orban's blocking of EUR 50 billion in aid to Ukraine and set a date for an extraordinary summit.

On December 21, Orban came up with a new explanation for why he opposes Ukraine's accession to the EU. On the same day, he said he was ready to meet with Ukrainian President Volodymyr Zelenskyy.

On December 18, it became known that a special summit of the European Commission to discuss the allocation of EUR 50 billion for Ukraine for 4 years would take place on February 1, 2024.

On January 9, it was reported that Hungary might lift its veto on the EUR 50 billion EU aid package to Ukraine, provided that the funding is reviewed annually.

On January 10, despite Hungary's opposition, Brussels voted to start negotiations with the European Parliament on providing Ukraine with EUR 50 billion in macro-financial assistance for the next four years.

For his part, Orban assured that he was not against helping Ukraine in principle, but insisted that any funding for Ukraine should be separated from the EU budget and proportional to the economies of the member states.

After meeting with Viktor Orban in Budapest, Slovak Prime Minister Robert Fico said he supports his "legitimate" fight against changes to the EU budget to allocate EUR 50 billion to Ukraine.

Tags:
Read also:
  • News
2024, Thursday
29 February
11:00
Review
Ukrainian troops have minimal ammunition stocks, which only allows them to deter Russian army. Column by Serhiy Zgurets
10:30
Ukrainian forces destroy 1,150 Russian soldiers, 23 tanks, 44 armored vehicles per day
10:10
Ukrainian Armed Forces strike Russian troop concentration in Olenivka
09:50
Turkey and China are likely to create negotiating platforms for war in Ukraine — ISW
09:30
Ukrainian Air Force destroys Russian Su-34 aircraft in the East
2024, Wednesday
28 February
22:00
Review
Victorious news of 735th day of war: Ukrainian army destroys 6 Russian dugouts on Dnipro's left bank, Netherlands order 9 DITA howitzers for Ukraine
21:45
Russian army tries to break through Ukrainian defense 25 times in Novopavlivka sector
21:32
Exclusive
One machine can fire about 1,000 shells per day: Ukrainian artilleryman on fighting at front
21:14
February 2024 is first month when number of Russian troops in Ukraine decreases
20:55
France adapts MiG-29, Su-24M to AASM Hammer, but doesn't give Ukraine Mirage 2000D yet
20:33
OPINION
Europe will hold 'security umbrella' instead of United States
20:15
Exclusive
Netherlands orders latest DITA howitzers for Ukraine: when will AFU get them?
19:55
Daily Mail publishes video of Ukrainian drone allegedly filming UFO in war zone
19:34
Budanov threatens peaceful Crimeans: Russia spreads new fake
19:10
Russia bombs train station in Kharkiv region, killing man and 6-year-old child
18:51
Ukraine opens 19 criminal cases over Russia's executions of 45 Ukrainian POWs
18:30
Ukraine receives $760mln from Japan and Norway: what funds will be used for
18:09
Poland and Ukraine may 'temporarily' close border for trade - PM Tusk
18:05
Updated
Transnistria asks Russia for help due to Moldova's 'economic blockade'. Chisinau, Kyiv, Moscow react
17:50
Exclusive
Russia seeks control over railroad: Ukrainian colonel on Russia's army plans
17:30
OPINION
Trump delays Ukraine aid, aims to cast himself as "savior". Vitaly Portnikov's column
17:10
Exclusive
Russia tests S-500 air defense system that allegedly shoots down "hypersonics" — military expert Zgurets
16:50
Updated
Russian army drops bombs on center of Kupyansk, causing casualties
16:30
Interview
Ukraine-Poland relations, Trump's electorate and Putin's interview with Carlson. Espreso's conversation with political scientist Mahda
16:10
Exclusive
Kremlin has no opportunities to destabilize situation in Moldova - diplomat
15:30
Exclusive
February 21-28 live war map: Avdiivka occupation consequences and struggle for air supremacy
15:10
Updated
Ukraine and Albania signed Treaty of Friendship and Cooperation
14:50
40 US biolabs operate in Ukraine: another Russian fake spread online
14:30
OPINION
Don't expect NATO legions in Ukraine
14:10
Ukraine identifies Russian servicemen killed man during occupation of Kharkiv region
13:50
Exclusive
Ukrainian military anticipates Russian advance towards Horlivka
13:30
Ukraine will not have initiative at front for months — UK armed forces chief
13:10
Review
Creating missile coalition and new Russian offensive possibility. Serhiy Zgurets's column
12:50
Exclusive
Forced voting at gunpoint: Nova Kakhovka Mayor condemns Russian pseudo-elections in occupied Ukrainian territories
12:30
Russia conducts nuclear weapons drills, prepares for potential conflict with China - FT
11:50
Lithuania to check 18 thousand Belarusians who arrived in country by 2022
11:30
Exclusive
Russian troops have fewer possibilities for assault operations in Krynky – Operational Command South
11:10
What is Macron wrong about?: Ukraine's ambassador on statement about sending Western troops to war
10:50
Chinese special representative embarks on diplomatic mission for "Ukrainian crisis resolution"
10:30
Russia loses two planes, 14 tanks and 1,060 soldiers per day - General Staff
More news