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Hungary slams EU plan to give Ukraine €100 billion, calls it 'war financing'

Hungary slams EU plan to give Ukraine €100 billion, calls it 'war financing' Viktor Orbán, Prime Minister of Hungary (Getty Images)

Hungary opposes the European Union's idea to create a €100 billion fund to support Ukraine, calling it "war financing," according to Balázs Orbán, an adviser to the Hungarian Prime Minister.

"Europe has run out of money — except when it comes to war. There's always €100 billion for that," said Balázs Orbán, commenting on the EU's proposal for new aid to Ukraine.

He complained that such support would supposedly mean:

  • €100 billion less for European competitiveness,
  • €100 billion less for border protection,
  • €100 billion less for European citizens, families, and communities.

Balázs Orbán went on to claim that this would be "only the beginning," suggesting that Ukraine allegedly asked for €1 trillion.

"At a time when Europe can't escape its own economic, social, and security crises, Brussels continues to finance war — weapons instead of peace, new debt instead of a competitive Europe… There's always money in Brussels — just not for Europe," the Hungarian prime minister's adviser added.

Rumors of new aid

Bloomberg previously reported, citing its own sources, that the EU intends to allocate €100 billion for aid to Ukraine in its next seven-year budget. To facilitate this, a special fund is expected to be established.

The proposal would require approval from all EU member states.