EU won’t let Hungary hold Ukraine aid hostage

7 December 2022, 12:05 AM
European Union (Photo:REUTERS/Yves Herman)

European Union (Photo:REUTERS/Yves Herman)

The European Union intends to transfer EUR 18 billion ($18 billion) in financial aid to Ukraine despite Hungary's protestations, Executive Vice President of the European Commission Valdis Dombrovskis said, as reported by Euractiv on Dec. 6.

“Ukraine is a country at war and it desperately needs our support and we just cannot allow one member state to delay and derail this financial support,” Dombrovskis said.

“We must deliver it one way or another, and we will deliver it.”

According to Euractiv, the commission is looking for an alternative solution for macro-financial assistance to Ukraine, which will not require Hungary’s approval.

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Czech Finance Minister Zbyněk Stanjura said that the EU is doing everything it can to ensure that Ukraine receives funds by early January.

“Whether it is Plan A or Plan B, at whatever price, we have to do that,” Stanjura told AP.

Earlier, Hungarian Finance Minister Mihály Varga spoke out against the EU Council’s plan to allocate EUR 18 billion in macro-financial assistance to Ukraine in 2023.

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