The EU is ready to shake up Hungary’s economy for the sake of Ukraine

29 January 2024 09:57

The European Union may strike at Hungary’s economy to make it more accommodating in helping Ukraine. This is reported by Ukrayinska Pravda with reference to the Financial Times, the комерсант

According to the publication, the plan is as follows: if Hungarian President Viktor Orban does not make concessions on the Ukrainian issue in the near future, Brussels will announce a complete cessation of funding for Hungary. This, according to the plan, should cause a market stampede, collapse the Hungarian forint and, accordingly, reduce Hungary’s investment attractiveness.

Hungarian Minister for EU Affairs János Boca said he had not heard of such plans from Brussels, and that Budapest was not giving in to pressure in any case.

“Hungary does not draw a link between support for Ukraine and access to EU funds and opposes other countries drawing such a link. Hungary will continue to participate constructively in the negotiations,” he said,

– he said.

However, he added that Hungary is ready to meet Brussels’ aspirations. In particular, it is known that Budapest has already informed the EU of the conditions under which it is ready to unblock aid to Ukraine. All that is needed is for the relevant documents to include a provision on the possibility of changing this decision in the future.

Hungary is the only EU country that is blocking the adoption of the EU mechanism for allocating a €50 billion aid package to Ukraine. It also blocks most of the actions related to Ukraine’s accession to the EU.

Остафійчук Ярослав
Editor

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