• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy Hungary vetoes $54B European aid package for Ukraine, dealing Zelenskyy another blow
Economy

Hungary vetoes $54B European aid package for Ukraine, dealing Zelenskyy another blow

by December 16, 2023
by December 16, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

Hungary has vetoed a €50 billion ($54 billion) European financial aid package to Ukraine, just days after Ukrainian President Volodymyr Zelenskyy failed to persuade U.S. lawmakers to approve an additional $61 billion for the war-torn country.

The aid was vetoed by Hungarian Prime Minister Viktor Orbán, delivering another tough blow to Zelenskyy who is heavily dependent on the European Union and U.S. funding to stave off Russian forces. 

‘Summary of the nightshift: veto for the extra money to Ukraine… We will come back to the issue next year in the European Council after proper preparation,’ Orbán posted to X after an EU leaders summit in Brussels on Thursday. 

The move leaves Zelenskyy in a desperate position for much-needed funding as the war drags on.

Orbán, who has a history of banking on clashes with other EU leaders for electoral benefit at home, told state radio that he blocked the aid package to Ukraine as part of a multiyear plan to make sure Hungary gets the funds it wants from the EU budget.

‘It is a great opportunity for Hungary to make it clear that it must get what it is entitled to. Not half of it, or one-fourth,’ he said.

Russia intended for its invasion to last only a few weeks, but Ukraine’s surprising and effective resistance dragged the conflict out as it nears a third year.

Ukraine’s much-promised counteroffensive in the second year, however, did not yield the results that Zelenskyy had promised, which has prompted questions from Congress over both the amount of aid and the timeline for how long the U.S. could or should provide ongoing assistance to Ukraine. 

Zelenskyy, in an exclusive interview with Fox News chief political anchor Bret Baier on ‘Special Report,’ insisted the question of funding Ukraine is not financial but ‘moral,’ as he urged the U.S. to keep backing his people.

Despite Orbán’s veto, the Hungarian leader did not stand in the way of the EU opening accession talks with Ukraine that could see it join the 27-member bloc in the future, a strategic goal of Zelenskyy, who wants to align the country closer with the West.

Zelenskyy hailed the approval of membership talks as a victory for Ukraine and Europe.

However, Orbán warned Hungary could still block the talks at any time.

‘This is a bad decision,’ the nationalist leader said, according to Reuters. ‘We can halt this process later on, and if needed we will pull the brakes, and the ultimate decision will be made by the Hungarian parliament.’

Decisions on enlarging the EU and on a review of its long-term budget, which includes the $54 billion in aid for the government in Kyiv, must be unanimous among all 27 member countries.

Fox News’s Peter Aiken, The Associated Press and Reuters contributed to this report.

This post appeared first on FOX NEWS
You Might Also Like
  • Nancy Mace scolds ABC’s Stephanopoulos for trying to ‘use’ her to damage Trump
  • Former Colombian President Ivan Duque calls for US to take more proactive role in Latin America
  • Lobbyists for CCP-tied EV company funneled cash to Democrats after filing as foreign agents
  • Psaki has dessert in ‘hard-hitting interview’ with former boss: ‘Doesn’t ask tough questions either’
Share
0
FacebookTwitterPinterestWhatsapp

previous post
How is the Economic Modern Family Liking Santa Now?
next post
Stefanik hits DC judge linked to Trump case with ethics complaint

You may also like

Trump says he has UFO files – will he be...

June 27, 2024

Joe Rogan slams China-funded Biden think tank where classified documents...

January 17, 2023

Biden falsely claims he has ‘four granddaughters,’ again omitting Hunter’s...

May 27, 2023

Republican lawmakers say Biden is prioritizing ‘woke ideology’ over border...

January 25, 2023

Conservative activist who forced Kansas abortion vote recount killed in...

May 18, 2023

Israel’s hunt for Hamas terror group leader Yahya Sinwar: ‘Dead...

October 17, 2023

Johnson caught between warring House GOP factions: ‘Drifting toward mob...

January 13, 2024

Trump reacts to ‘abuse’ by DOJ: ‘This is what you...

July 28, 2023

Republicans accuse Biden, Schumer of emboldening Iran prior to attack...

April 19, 2024

Special Counsel Weiss tells lawmakers politics ‘played no part’ in...

November 8, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • How to Find Compelling Charts in Every Sector

      July 10, 2025
    • White House accuses Powell of mismanaging Federal Reserve, citing headquarters renovation

      July 10, 2025
    • Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

      July 10, 2025
    • OpenAI to release web browser in challenge to Google Chrome

      July 10, 2025
    • Sports executive charged with bid-rigging in Texas arena project

      July 10, 2025

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 3,631 views
    • 2

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,919 views
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,607 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,577 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,451 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,171)
    • Investing (538)
    • Stock (2,662)

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • How to Find Compelling Charts in Every Sector

      July 10, 2025
    • White House accuses Powell of mismanaging Federal Reserve, citing headquarters...

      July 10, 2025
    • Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

      July 10, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,171)
    • Investing (538)
    • Stock (2,662)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Fetterman blasts pro-Palestinian protesters: ‘Why aren’t...

    February 8, 2024

    Beijing bristles as Chinese companies could...

    February 16, 2024

    Jim Banks blasts Biden admin for...

    July 11, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here