Three years of reporting, funded by our readers — become a member now and help us prepare for 2025.
Goal: 1,000 new members for our birthday. Gift a membership to your friend and help us prepare for what 2025 might bring.
Become a member Gift membership
Skip to content
Edit post

Bloomberg: EU weighs alternative Ukraine aid plan in case of Hungary's veto

by Dinara Khalilova and The Kyiv Independent news desk November 9, 2023 10:09 PM 3 min read
European Union flags decorates the façade of the iconic Berlaymont building, the seat of the European Commission in Brussels, Belgium, on May 31, 2023. (Artur Widak/NurPhoto via Getty Images)
This audio is created with AI assistance

European Union members are considering an alternative plan to aid Ukraine in case Hungary vetoes the current package of 50 billion euros ($53.4 billion), Bloomberg reported on Nov. 9, citing unnamed people familiar with the matter.

The plan would involve national guarantees from member states to raise funding in the markets if Budapest blocks the review of the EU's long-term budget, which includes the Ukraine aid package, the people said.

Hungarian Prime Minister Viktor Orban has opposed including the $53 billion package to finance Ukraine's recovery in the EU's budget, which requires unanimous agreement from all 27 member nations to be approved.

As EU leaders are expected to reach a consensus on future assistance for Ukraine by the last month of 2023, some member states have favored finding an alternative solution to aid Ukraine to increase pressure on Orban, according to Bloomberg's sources.

However, Spanish Economy Minister Nadia Calvino, whose country currently enjoys the rotating EU presidency, and European Commission Vice President Valdis Dombrovskis reportedly expressed hope to reach a consensus within the long-term budget.

"We need to make rapid progress with adopting the Ukraine facility," Valdis told a news conference, as cited by Bloomberg. "Last year, we were indeed discussing Plan B. We were able to avoid this scenario last year, so I hope we will also be able to avoid this scenario this year."

Exclusive: New insights point to Hungary’s collaboration with Moscow on transfer of Ukrainian POWs
In early June, a bizarre and mysterious joint operation was carried out between two of Ukraine’s neighbors, one to the east and one to the west. Eleven Ukrainian soldiers, after having been held in Russian captivity for an unknown amount of time, were moved from Russia to Hungary. Although

Since the start of Russia's full-scale invasion of Ukraine, Hungary has repeatedly obstructed EU funds for Kyiv while opposing sanctions against Russia. Orban, who maintains close ties with the Kremlin, has refused to provide military aid to Ukraine and claimed that Kyiv's counteroffensive was destined to fail.

Orban has also accused Ukraine of violating the rights of ethnic Hungarian minorities, a claim used to justify Budapest's limited support.

A senior Hungarian official said earlier on Nov. 7 that Hungary would not allow the start of the EU entry talks, recommended by the European Commission, as long as Ukraine's language law, long derided by Budapest, remains in place.

The language law that has long been a source of strife between Hungary and Ukraine was instituted in 2017 and requires at least 70% of education above fifth grade to be conducted in Ukrainian.

Ukraine has significant Hungarian and Romanian minorities, and both Hungary and Romania have criticized the law as discriminatory. Ukraine responded that it does not intend to crack down on its minorities, only to ensure that every Ukrainian citizen has sufficient knowledge of Ukraine's official language.

Deputy PM: Despite Hungary’s rhetoric, work to solve minorities issue underway
Kyiv is in constant contact with Budapest to resolve the issue of the language of education of the Hungarian minority in Ukraine, Deputy Prime Minister for European Integration Olha Stefanishyna told European Pravda on Nov. 7.
Three years of reporting, funded by our readers.
Millions read the Kyiv Independent, but only one in 10,000 readers makes a financial contribution. Thanks to our community we've been able to keep our reporting free and accessible to everyone. For our third birthday, we're looking for 1,000 new members to help fund our mission and to help us prepare for what 2025 might bring.
Three years. Millions of readers. All thanks to 12,000 supporters.
It’s thanks to readers like you that we can celebrate another birthday this November. We’re looking for another 1,000 members to help fund our mission, keep our journalism accessible for all, and prepare for whatever 2025 might bring. Consider gifting a membership today or help us spread the word.
Help us get 1,000 new members!
Become a member Gift membership
visa masterCard americanExpress

News Feed

3:44 PM

Russian ICBM strike would be 'clear escalation,' EU says.

"While we're assessing the full facts, it's obvious that such (an) attack would mark yet another clear escalation from the side of (Russian President Vladimir Putin," EU foreign affairs spokesperson Peter Stano said, according to AFP.
1:40 PM

Merkel describes Trump as 'fascinated by Putin' in her memoir.

"(Donald Trump) saw everything from the point of view of a property developer, which is what he was before he came into politics. Every plot of land could only be sold once, and if he didn't get it, someone else would," Angela Merkel says in her memoir.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Explaining Ukraine with Kate Tsurkan
* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.