“In practical terms, this would give Orban the opportunity to block EU funding for Ukraine every year or obtain concessions from Brussels in exchange for withholding his veto,” Politico confirmed, citing conversations with three EU diplomats.
Budapest introduced a plan for annual funding reviews, among other things. In a letter he sent to the Belgian presidency. This proposal assumes the transfer of 12.5 billion euros to Ukraine every year in the form of grants and loans – a total of 50 billion euros over four years, the proposal assumes. European Commission.
“While this is not the first time Hungary has floated this idea, it represents a significant departure from Orbán’s rhetoric in recent weeks, when (the Hungarian Prime Minister) opposed any support for Ukraine from the EU budget,” Politico added.
As one EU diplomat added, quoted by the portal, a solution that includes annual reviews of decisions will not provide Ukraine with a sense of predictability.
An extraordinary EU summit is scheduled for February 1, during which member states will decide on financial assistance to Kiev.
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