Hungary vetoes funding for peace plan for Ukraine

Hungary had blocked an agreement on funding for Ukraine at a meeting. One of the representatives of the European Union, Josep Borell, in return reaffirmed its support for Ukraine.

“Today, we talked about this peace formula and how we can continue to support it and put it at the center of the international discussion about a just peace in Ukraine,” Borrell said, according to The Kyiv Independent. The 10-point plan presented by Ukrainian President Volodymyr Zelensky calls, among other things, for the restoration of Ukraine’s territorial integrity and the prosecution of Russian war criminals. A meeting of foreign ministers took place in Toledo yesterday, Thursday, with the participation of Ukrainian Foreign Minister Dmytro Kuleba.

Hungary blocks financial plan for Ukraine

During the meeting, the ministers failed to agree on the 500 million euros of military aid under the European Peace Facility (EEP) for Ukraine because Hungary blocked the provision of the funds. The country vetoed the funds because Ukraine had designated the Hungarian OPT Bank as an international sponsor of the war. This is not the first time this blockade has happened. Borell said, “I hope we can lift this blockade in the coming weeks. But this is a problem that still needs to be solved.” He went on to say that sustained support measures were an important aspect of the discussions and that ministers would “stand with Ukraine today, tomorrow and always.”

Image:, Зустріч Президента України з Федеральним канцлером Австрії 44 (cropped), CC BY 4.0, via Wikimedia Commons (image size modified)

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