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Free AccessUkraine Aid Talks Move Forward As Hungary Floats Compromise Plan
Rikard Jozwiak at RFE/RL posts on X: "EU ambassadors gave a partial green light today to start negotiations with EP on the 50 billion aid package for Ukraine. Full green light now likely at EU summit on 1 Feb. Hungary so far not blocking." The prospect of a deal on the funding comes in the wake of a Politico report on 9 Feb claiming that Hungary could approve the aid if approval is renewed on a yearly basis.
- Politico: "Budapest signaled it could approve the funding as long as the bloc’s governments were asked to approve it unanimously on a yearly basis...Hungary’s proposal would give Orbán the power to block EU funding to Ukraine every year ― or squeeze concessions from Brussels for lifting his veto."
- The offer marks a shift from Hungarian PM Viktor Orban's previous stance of no grants to Ukraine from the EU's long-term budget. However, there will be some reluctance in Brussels to give Orban such control over the Ukraine package for four years given his history of obstructing EU plans.
- The issue of Hungary's opposition to Ukraine aid has caused major schisms within the Union, with an MEP from the largest group in the European Parliament - the centre-right EPP - set tosubmit a petition that would look to start the process of removing Hungary's voting rights at council level.
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.