Hungary is blocking EU legislation that would allow fast-tracked payments from profits of frozen Russian assets for Ukrainian military aid.
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Hungary is holding up legislation that would allow the European Union to send billions of dollars in profits from frozen Russian assets for Ukrainian aid
Hungary's envoy is preventing legislation that would allow payments to be fast-tracked
Hungary is blocking everything connected to military support to Ukraine
Hungary is delaying legislation that would allow Ukraine to receive up to EUR 2 billion from the EU for arms, dealing a blow to plans to utilize the proceeds from frozen Russian assets.
After a long debate, members of the European Union agreed this month to use the profits from about 190 billion euros of frozen Russian assets, which are stored in the Belgian depository Euroclear, for the purchase of weapons for Ukraine.
The Hungarian envoy opposed the acceleration of payments, thus standing in the way of EU's unanimous support for each payment to Ukraine.
Budapest is blocking anything related to military support for Ukraine, with reservations possibly remaining until next month's EU elections.
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Extraction metadata
Extracted: 2026-03-25T09:10:34.806Z
Source story: ft-hungary-holding-up-eus-use-of-frozen-russian-assets-to-buy-weapons-for-ukraine