Hungary delays the approval of European aid to Ukraine worth 50 billion euros

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Hungarian Prime Minister Viktor Orban announced on Friday that he used his veto power at the European Union summit in Brussels to prevent the approval of European aid to Ukraine worth 50 billion euros in loans and donations.

Orban wrote on the X platform: “Summary of the night session: Veto on additional funds for Ukraine, and Veto on the review of the multi-year European budget, and we will return to this issue next year after appropriate preparations.”
26 of the 27 EU countries agreed to grant Ukraine a package of loans and grants over a period of four years with a total value of 50 billion euros, but Hungary’s rejection of this package was enough to abort it.
Following Orban’s post, European Council President Charles Michel announced that European Union countries would resume negotiations early next year on providing new aid to Ukraine.
Michel said: “I do not want to delve too much into the details, and I will work in the coming days and weeks with my colleagues to prepare for a summit at the beginning of next year.”
The decisions of the European Summit are issued unanimously, giving each of its 27 countries the right to veto.

Source: Agence France-Presse