Hungary refuses to contribute to €18B macro-finance aid to Ukraine.

Hungary will not make a financial contribution to the EU’s long-term joint credit to support Ukraine’s state budget in 2023, said the Minister of Foreign Affairs of Hungary, Peter Szijjártó. “We are ready to continue financial support based on a bilateral agreement between Ukraine and Hungary, but we will not support any joint borrowing by the EU,” said the head of the Ministry of Foreign Affairs. Szijjártó‘s statement was made after the head of the European Commission, Ursula von der Leyen, announced the financial assistance program for Ukraine in 2023. Szijjártó recalled that Hungary financially supported Ukraine through joint borrowing during the Covid-19 pandemic. The country has spent hundreds of millions of euros to help Ukraine, which he believes is enough.