news agency
Hungary outraged by the EU’s decision.  “This is a disregard for European rules”

Hungary outraged by the EU’s decision. “This is a disregard for European rules”

Hungary outraged by the EU’s decision.  “This is a disregard for European rules”

The decision to transfer profits from frozen Russian assets to Ukraine, contrary to Hungary’s position, is a violation of European rules, said Hungarian Foreign Minister Peter Szijjarto. It is the only European Union country that blocked funds from the Peace Fund.

– This is a clear red line. Never before has there been such a shameless violation or disregard of common European rules, Hungarian Foreign Minister Peter Szijjarto said on Monday.

Hungary criticizes the European Union’s decision. “Pro-war sentiment blinded decision-makers”

The European Union has agreed to transfer EUR 1.4 billion from frozen Russian assets to Ukraine. The decision on this matter was made on Monday by the foreign ministers of 27 countries at a meeting in Luxembourg. Out of the entire European Union, only Hungary did not want to agree to this, but the heads of the Ministry of Foreign Affairs found a way to bypass the Hungarian veto.

– Self-proclaimed fighters for democracy and the rule of law equally shamelessly transgressed and disregarded the rules by excluding Hungary from this decision. The pro-war mood practically blinded decision-makers, said the head of the Hungarian Ministry of Foreign Affairs, Peter Szijjarto, in a recording he published on Facebook.

Ukraine will receive profits from frozen Russian assets. There is an EU decision

The initial agreement to transfer profits from frozen Russian assets to Ukraine had already been made earlier, but discussions focused on how to divide the money. Ultimately, it was established that 90 percent of the amount, EUR 1.4 billion will be allocated for the purchase of weapons, and 10 percent. for reconstruction.

As part of the sanctions, the European Union has frozen approximately EUR 200 billion of assets of the Central Bank of Russia. It is estimated that the profits from these funds range from EUR 2.5 to EUR 3 billion per year. The money from the first tranche (EUR 1.4 billion) is to be paid out within a few days and will be used primarily for the purchase of ammunition and air defense systems. By December 2024, Ukraine is to receive another billion euros.

Hungary is still blocking the increase in the European Peace Fund, from which EU countries receive compensation for arms supplies to Ukraine. For this reason, Poland has still not received almost EUR 400 million.

Source: Gazeta

You may also like

Hot News

TRENDING NEWS

Subscribe

follow us

Immediate Access Pro