Hungary blocks €50bn of EU funding for Ukraine

Hungary blocks €50bn of EU funding for Ukraine
Hungary blocks €50bn of EU funding for Ukraine

We show you our most important and recent visitors news details Hungary blocks €50bn of EU funding for Ukraine in the following article

Hind Al Soulia - Riyadh - BRUSSELS — Hungary has blocked €50bn ($55bn; £43bn) in EU aid for Ukraine hours after agreement was reached on starting membership talks.

"Summary of the nightshift: veto for the extra money to Ukraine," Hungarian Prime Minister Viktor Orban posted on social media after talks in Brussels.

EU leaders said talks on aid for Ukraine would resume early next year.

Ukraine is critically dependant on EU and US funding as it continues to fight occupying Russian forces.

The aid blocking was announced by Orban shortly after the EU leaders decided to open membership talks with Ukraine and Moldova and to grant candidate status to Georgia.

Hungary has long opposed membership for Ukraine but did not veto that move.

Orban left the negotiating room momentarily in what officials described as a pre-agreed and constructive manner, while the other 26 leaders went ahead with the vote.

A spokesperson for Charles Michel, president of the European Council, said the agreement had been unanimous.

Ukraine's President Volodymyr Zelensky hailed the EU decision on membership talks as "a victory" for his country and "Europe".

Commenting on Orban's opposition to the aid, Dutch Prime Minister Mark Rutte said: "We still have some time, Ukraine is not out of money in the next few weeks."

"We agreed with the 26 countries," he added. "Victor Orban, Hungary, were not yet able to do that. I am fairly confident we can get a deal early next year. We are thinking of late January." — BBC


These were the details of the news Hungary blocks €50bn of EU funding for Ukraine for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Saudi Gazette and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Hezbollah chief admits ‘unprecedented’ blow from Lebanon blasts, but vows Israel would face surprise retribution for ‘massacre’
NEXT Elon Musk vs. Brazilian supreme court: What’s behind the X shutdown order?

Author Information

I am Joshua Kelly and I focus on breaking news stories and ensuring we (“Al-KhaleejToday.NET”) offer timely reporting on some of the most recent stories released through market wires about “Services” sector. I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for Al-KhaleejToday.NET specializing in quicker moving active shares with a short term view on investment opportunities and trends. Address: 838 Emily Drive Hampton, SC 29924, USA Phone: (+1) 803-887-5567 Email: [email protected]