Hungary Blocks €50bn EU Aid to Ukraine

Hungary Blocks €50bn EU Aid to Ukraine

Hungary has blocked €50bn ($55bn; £43bn) in EU aid for Ukraine, following the agreement to initiate membership talks.

Hungarian Prime Minister Viktor Orban, known for his ties with Russia, vetoed the extra funds despite the EU leaders’ decision to open talks and grant candidate status to other countries.

Orban, unsuccessful in convincing his EU counterparts, hinted that Hungary’s parliament could still influence Ukraine’s path to membership.

While negotiations on the financial package will resume next year, EU leaders assure Kyiv continued support, emphasizing the importance of resolving details together.

Despite the setback, European Council President Charles Michel expresses confidence in fulfilling the promise to support Ukraine.

The financial aid, crucial for public services and maintaining social responsibilities, faces potential delays, causing significant issues for Ukraine’s budget. Ukrainian officials highlight the importance of EU membership talks over the blocked funds, signaling resilience against Russia.

Ukrainian President Zelensky celebrates the EU’s announcement, calling it a victory, but the joy is overshadowed by the frustration of blocked funding.

The sentiment in Kyiv remains bittersweet, as the focus shifts to finding alternative channels for economic support.

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