Feb 23 • 18:12 UTC 🇪🇸 Spain El Mundo

Hungary blocks the EU's 90 billion loan to Kiev on the fourth anniversary of the war and threatens Ukraine with financial suffocation

Hungary's Prime Minister Viktor Orban has blocked a significant EU loan to Ukraine, coinciding with the four-year anniversary of the war, amidst rising calls for Hungary's expulsion from the EU.

Hungary's Prime Minister Viktor Orban has taken a controversial stance by blocking a crucial €90 billion loan from the European Union to Ukraine, which was slated to provide financial support at a critical time in the ongoing conflict. This decision comes as Europe marks the fourth anniversary of the war, with various leaders visiting Kyiv to express solidarity while the Ukrainian capital faces severe financial challenges due to the ongoing Russian aggression. Orban's actions not only hinder immediate financial assistance but also raise concerns about Hungary's diminishing role within the EU amidst increasing internal and external pressures.

The European Commission had intended for the funds to begin flowing to Ukraine in April, aiming to bolster its defenses against Russian aggression. However, Orban's refusal to agree to necessary legal modifications required for the EU budget to support the debt issuance has thwarted these plans. The situation has escalated tensions between Hungary and other EU member states, with many now questioning Hungary's commitment to European solidarity and solutions to the crisis faced by Ukraine. Orban's obstinacy appears to stem from broader geopolitical calculations and domestic politics, further complicating the EU's collective response.

With Hungary blocking financial assistance and the EU leadership seeking unity in support of Ukraine, Orban's actions may lead to discussions about Hungary's future in the EU. Critics are amplifying calls for Hungary to be sidelined or expelled from the union due to its increasingly confrontational behavior. This presents a pivotal moment not only for Hungary-Ukraine relations but also for the EU’s cohesion and its strategy in responding to external threats, particularly from Russia. The implications of Hungary’s stance could resonate throughout European politics as the continent grapples with the ongoing war and its fallout.

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