Hungary blocks approval of €18 bln in EU financial aid for Ukraine


Hungary has blocked the approval of a new EU package of financial aid for Ukraine worth €18 billion, APA reports citing Euronews.

The aid is designed to be disbursed over the course of 2023, amounting to €1.5 billion per month.

The Hungarian veto prompted finance ministers of the European Union to delay other three key votes, including one on an internationally-backed deal to reform corporate taxation.

Hungary is on the verge of having €7.5 bln of its allocated share of the EU budgets frozen after failing to complete a series of reforms that are meant to address, among other issues, corruption, irregularities in public procurement, and conflicts of interest from government officials.


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