Hungarian Prime Minister Viktor Orban confirmed at the European Council summit in Brussels that he vetoed the approval of new EU budget support to Ukraine.
“Veto on additional resources for Ukraine, veto on the revision of the European multi-annual budget, we will return to this issue next year, after appropriate preparations,” the head of the Hungarian government said on the night from Thursday to Friday on the website (formerly Twitter).
Hungary has vetoed a new package for Ukraine
Responding to the Budapest decision, European Council head Charles Michel said the issue of financial aid to Ukraine would return early next year. An attempt will then be made again to reach consensus on this.
– I don’t want to go into too much detail. In the coming days and weeks, I will work with my colleagues to prepare for the summit early next year, Michel said in a statement to the press.
According to Western media, the proposed new PLN 50 billion package for Ukraine will consist of EUR 17 billion in non-repayable subsidies and EUR 33 billion in low-interest loans.
Start of accession negotiations
During the meeting, the European Council decided to start accession negotiations with Ukraine and Moldova. Georgia was given the status of a candidate country.
“The European Council has decided to open accession negotiations with Ukraine and Moldova. The European Council has granted Georgia the status of a candidate country. The EU will start negotiations with Bosnia and Herzegovina once the necessary level of compliance with the membership criteria has been achieved and asked the Commission to present a report by March that would allow such a decision to be taken. “This is a clear signal of hope for their people and for our continent,” European Council President Charles Michel wrote at the social networking site
Budapest states that Ukraine currently does not meet the conditions for opening accession negotiations to the EU. That is why Orbán did not participate in the vote on this issue. He said Hungary does not support this decision because it is wrong, but given the will of the 26 remaining members, it will not oppose it.
Source: Do Rzeczy
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
