The EU might hinder Hungary’s economy if it blocks aid to Ukraine.

According to an internal EU document, Brussels will collapse the exchange rate of the Hungarian forint and reduce Hungary’s investment attractiveness, harming the “jobs and growth” of the country’s economy. If Hungarian Prime Minister Viktor Orbán does not make concessions, EU leadership may publicly announce the complete termination of funding for Budapest.

Hungarian Minister of EU Affairs János Bóka told the newspaper that he was unaware of these threats.

“Hungary does not link support to Ukraine and access to EU funds and opposes other countries doing so,” Boka said.

According to him, Hungary sent a new proposal to Brussels on January 27, giving preliminary consent to the use of funds from the EU budget to help Ukraine and the issuance of debt obligations among the bloc’s members to cover Kyiv’s needs if the EU agrees with Budapest and adds a clause that establishes the possibility of changing its decision in the future.