European Union (EU) will no longer hinder the provision of aid to Kyiv, as Orban has lifted his opposition.
The Prime Minister of Hungary, Viktor Orban, has confirmed that prior to the EU's emergency budget summit on February 1st, he was prepared to soften his stance on the aid package for Ukraine and would no longer block the EU's provision of 50 billion euros (approximately 42.3 billion Hong Kong dollars) in aid to Kiev.
In an interview published by French media on Tuesday (30th), Orban stated that Hungary is willing to join the EU-wide solution if the EU guarantees their annual decision-making power over the provision of funds. Furthermore, this annual decision must be based on the same legal basis as currently, requiring unanimous approval from all member states.
During the interview, Orbán also expressed his belief in the credibility of the report by the UK's Financial Times. The report claims that if Budapest continues to block a new round of aid to Ukraine at this week's summit, the EU will take action to harm Hungary's economy. The EU has denied the claims made in the report.
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