Hungary ready to compromise on €50 billion from EU to Ukraine, Orban's advisor says
Viktor Orban, Prime Minister of Hungary (Photo: facebook.com/orbanviktor)
Hungary says it is ready for a compromise that will allow it to finance the EU's proposed aid package for Ukraine, Reuters reports.
As the agency notes, Prime Minister Viktor Orban has been an ardent critic of the EU's financial and military support for Ukraine and blocked the revision of the bloc's budget, forcing the leaders to develop a plan B and convene an emergency summit.
Balazs Orban, the chief political aide to the Prime Minister, says that Budapest sent a proposal to Brussels on Saturday indicating its readiness to use the EU budget for the aid package and to issue EU common debt to finance it if other "caveats" were added.
50 billion euros for Ukraine from EU
In June 2023, the European Commission proposed to create a special mechanism for Ukraine, which would provide grants and loans of up to €50 billion for the period up to 2027. It should replace the current support to Ukraine through the Macroeconomic Financial Assistance Program, which expired at the end of 2023.
At the same time, the EU hinted that it had received a positive signal from Hungary regarding the aid package for Ukraine.
Meanwhile, according to the Financial Times, the bloc has prepared a plan for economic sanctions against Budapest if it does not agree to provide support to Kyiv. The goal is to damage Hungary's economy and force it to lift its veto.
