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Free AccessMNI EUROPEAN MARKETS ANALYSIS: China Equities Lower Post CEWC
MNI EUROPEAN OPEN: Sharp Fall In China Bond Yields Continues
HUNGARY: Foreign Min In Belarus As Relations w/EU Strain On Ukraine Aid
Speaking in the Belarusian capital, Minsk, Hungarian Foreign Minister Peter Szijjarto has said that Hungary "abhors the idea of NATO and EU countries sending soldiers to Ukraine". The issue of NATO/EU troops in Ukraine has risen up the agenda following Ukraine's approval of French military instructors set to arrive in the country shortly. The visit comes as the relationship between Budapest and Brussels regarding both the EU and NATO's role in supporting Ukraine remains close to breaking point.
- Sjiartto confirmed that at the Foreign Affairs Council on 27 May there was a "huge row" between himself and his counterparts from Germany, Ireland, Lithuania and Poland over the issue of Hungary's effective veto on the latest Ukraine aid package.
- Budapest's block on an EUR500mn tranche for the European Peace Facility in 2023 has caused knock-on consequences. Euronews reports the issue, "was exacerbated after member states reached in March a [...] deal to top up the EPF with an additional €5 billion, [...] Hungary's veto on the €500-million envelope has affected two others of the same size [...]. The impasse also means the next €5 billion cannot move forward..."
- The state media of Belarus - one of Moscow's closest allies - has confirmed the two sides signed 'a roadmap for cooperation' in the nuclear industry, a development that could cause further strain with the EU as member states seek to decouple energy from Russian reliance or relation.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.