Hungary put forward a condition for lifting its veto on €50B aid to Ukraine.
According to Politico, Hungary has said that it could lift the veto on a €50B aid package from the European Union, provided the funding is reviewed every year. Budapest proposes that the European Council approve a vote to allocate the funds annually.
As the publication notes, this would allow Prime Minister Viktor Orban to block Ukraine’s funding every year in order to extract concessions from Brussels.
Hungary presented this proposal during a meeting of 27 EU budget experts on January 5 and sent a corresponding document to the Council of the EU. According to the Hungarian proposal, the EU will provide Ukraine with €12.5B in grants and loans annually, amounting to €50B over four years.
“The seven-year EU budget is a multi-year structure, and we cannot agree on it from year to year,” said one of the diplomats. The issue of financing Ukraine from the EU is on the agenda of the meeting of the ambassadors of the EU member states, scheduled for January 10.