Politico: The EU has a plan to support Ukraine even if Hungary blocks the joint loan
The European Union plans to provide support to Ukraine for military funding regardless of Hungary and Slovakia's blocking of a proposed 90 billion euro loan.
According to two EU diplomats, the European Union (EU) will continue to support Ukraine with financial resources for its defense against Russian aggression, even if Hungary and Slovakia persist in blocking the approved 90 billion euro joint loan. This loan is crucial as it aims to cover two-thirds of the funding required by Ukraine to sustain its military efforts through the end of 2027. A summit is set for next week in Brussels where EU leaders hope to persuade Hungarian Prime Minister Viktor Orbán and Slovak Prime Minister Robert Fico to adhere to their commitments to approve this essential financial assistance.
If Hungarian and Slovak leaders decline to give their approval, the Baltic and Nordic countries have devised an alternative plan to ensure that Ukraine receives sufficient support to withstand at least the first half of this year. The alternative approach is to provide bilateral loans which would not require the EU's common approval, thereby sidestepping the current impasse. A total of 30 billion euros is reportedly being considered through this route, demonstrating a willingness among EU member states to find practical solutions despite internal disagreements regarding collective loan approvals.
The ongoing situation underscores the urgent need for the EU to balance its collective approach with the realities of national politics within member states. Hungary's opposition to the aid package has significant implications for EU unity and its response to external military threats. The developments are particularly critical as the EU is under pressure to maintain support for Ukraine amidst an ongoing war, highlighting the complexities of international cooperation in the face of geopolitical challenges.