Hungary thwarted EU plan to finance Ukraine

A plan in the European Union that was supposed to be a backup financing option for Ukraine has collapsed. Hungary has strongly opposed the issuance of joint Eurobonds that could replace the mechanism for using frozen Russian assets.

This is reported by Politico.

During a meeting of EU ambassadors in Brussels, the Hungarian delegation rejected the European Commission’s proposal to launch bonds financed by the seven-year EU budget. The idea could become a “Plan B” if Europe does not find a legal way to use the revenues or assets of the Russian Central Bank for a large loan of 165 billion euros to Ukraine.

Now the EU finds itself once again searching for a solution – and time is running out.

It was previously reported that the United States is demanding that European NATO members assume most of the alliance’s conventional defense capabilities by 2027.

Recall, the administration of US President Donald Trump has released a new security strategy for the United States, which defines the country’s strategic priorities.

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