Hungary's Orbán Considers Lifting Ukraine Aid Veto in Exchange for Unfrozen EU Funds

1 min read
Source: POLITICO Europe
Hungary's Orbán Considers Lifting Ukraine Aid Veto in Exchange for Unfrozen EU Funds
Photo: POLITICO Europe
TL;DR Summary

Hungary is willing to lift its veto on EU aid to Ukraine if the European Union unblocks all frozen funds. The EU has concerns about the rule of law in Ukraine, leading to the freezing of funds. Hungary's Prime Minister Viktor Orbán's political director stated that if the EU insists on Ukraine's financing coming from an amended EU budget, the issues become linked. Hungary is waiting for access to grants and loans from the EU's post-pandemic recovery fund, which will remain blocked until anti-corruption reforms are implemented. Budapest demands the release of approximately €30 billion in frozen funds before lifting its veto.

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