Ukraine War Briefing: Hungary Agrees to Allow EU Loan to Kyiv but Will Not Contribute
Viktor Orbán agrees to an EU loan to Ukraine without contributions from Hungary, Slovakia, and the Czech Republic.
SUMMARY
Viktor Orbán agreed not to block a massive interest-free EU loan to Ukraine, provided that Hungary, Slovakia, and the Czech Republic are excluded from the debt guarantees. This loan aims to support Ukraine's military and economic needs for the next two years. Hungary, close to Moscow, had initially vetoed this financing.
KEY HIGHLIGHTS
- Viktor Orbán agrees to the EU loan to Ukraine without Hungary's contribution.
- Hungary, Slovakia, and the Czech Republic are excluded from the debt guarantees.
- The loan aims to support Ukraine's military and economic needs for two years.
- Hungary opposed the use of frozen Russian assets.
CORE SUBJECT
EU Loan to Ukraine and Hungary's Position
Viktor Orbán appeared to agree not to block the borrowing provided that his country, Slovakia, and the Czech Republic are excluded from the guarantees. What we know on day 1,395
Hungarian Viktor Orbán has agreed not to block a massive interest-free loan supported by the EU to Ukraine to meet its military and economic needs for the next two years, provided that his country, Slovakia, and the Czech Republic are excluded from the debt guarantees. After failing to agree on the use of frozen Russian assets, diplomats announced the new loan in the early hours of Friday. The agreement will not affect the financial obligations of Hungary, Slovakia, and the Czech Republic, which did not want to contribute to financing Ukraine, the text states. Hungary, close to Moscow, had previously declared that it would oppose the agreement, just as it opposed the use of frozen Russian assets.
KEYWORDS
MENTIONED ENTITIES 7
Viktor Orbán
👤 Person_MalePrime Minister of Hungary
Hungary
📍 Location_CountryCentral European country
Slovakia
📍 Location_CountryCentral European country
Czech Republic
📍 Location_CountryCentral European country
European Union
🏛️ OrganizationPolitical and economic organization of European countries
Ukraine
📍 Location_CountryEastern European country in conflict
Moscow
📍 Location_CityCapital of Russia