Hungary announces EUR 187 million in aid to Ukraine

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Archive – Hungary’s Prime Minister Viktor Orbán – Britta Pedersen/dpa

The Hungarian government announced Thursday that it will provide Ukraine with 187 million euros by 2023 stemming from the proposed macro-financial assistance proposed by the European Commission, amounting to 18 billion euros, although it stressed that it will do so directly to Kiev and not through a joint mechanism.

«We will deliver to Ukraine the €187 million share of the planned €18 billion joint EU loan through bilateral means and from the National Budgets, but not through another joint EU loan,» explained Balazs Orbán, advisor to Hungarian Prime Minister Viktor Orbán, through a message on his account on the social network Twitter.

The European Commission proposed on November 9 a macro-financial assistance of 18 billion euros to Ukraine next year, a support that will take the form of loans on favorable terms and that will be conditional on far-reaching reforms on the part of Kiev, although the initiative that needs the unanimity of the 27 to go ahead already clashes with Hungary’s rejection.

This support will take the form of loans on favorable terms and will be conditional on far-reaching reforms on the part of Kiev, although the initiative, which needs the unanimity of the 27 to go ahead, has already been rejected by Hungary.

Orbán’s Executive is maintaining a tense standoff with its partners in the EU over access to EU funds blocked by the anti-democratic drift in Hungary, although Budapest is working against the clock on judicial reforms to lift the block’s reservations.