NewsPoliticsTop StoryWorld

Hungary to receive millions in EU money despite Orban’s threats to veto Ukraine aid

Hungary is set to receive 900 million euros ($981 million) in European Union money, the EU’s executive arm said Thursday, despite the Hungarian prime minister’s attempts to scupper the bloc’s support for Ukraine.

Quick Read

  • Hungary to receive 900 million euros from the EU’s REPowerEU program.
  • REPowerEU aims to help EU nations recover from the energy crisis post-Russia’s invasion of Ukraine and reduce dependence on Russian fossil fuels.
  • The funding proposal was made as Hungarian Prime Minister Viktor Orban, a critic of the EU, threatened to block Ukraine’s bid to join the EU and 50 billion euros in aid to Kyiv.
  • EU leaders are scheduled to meet next month to discuss Ukraine’s potential EU accession.
  • EU member states have four weeks to endorse the European Commission’s decision on fund disbursement.
  • Hungary’s recovery plan, including REPowerEU, totals 10.4 billion euros in loans and grants.
  • The European Commission requires Hungary to implement rule of law reforms for the majority of the funds to be released.
  • The Commission will authorize disbursements based on Hungary’s completion of 27 ‘super milestones’ related to judicial independence and protection of the EU’s financial interests.
  • Hungary, under Orban’s leadership since 2010, faces criticism from the EU for democratic backsliding and human rights infringements.
  • Orban criticized EU sanctions against Russia and met with Vladimir Putin, causing further strain with the EU.
  • The EU previously froze funds to Hungary over rule-of-law concerns, with many in Brussels viewing Orban’s veto threats as blackmail for EU funds.
  • The European Commission also approved Poland’s revised recovery plan, allocating 5.1 billion euros, following an election favoring pro-EU parties and expected leadership under Donald Tusk.

The Associated Press has the story:

Hungary to receive millions in EU money despite Orban’s threats to veto Ukraine aid

Newslooks- BRUSSELS (AP)

Hungary is set to receive 900 million euros ($981 million) in European Union money, the EU’s executive arm said Thursday, despite the Hungarian prime minister’s attempts to scupper the bloc’s support for Ukraine.

That money comes from the bloc’s REPowerEU program aimed at helping the 27 EU nations recover from the energy crisis that followed Russia’s invasion of Ukraine last year, and reduce their dependance to Russian fossil fuels.

The proposal to unlock the money in pre-financing came as Orban – a frequent critic of the EU and often at odds with European leaders over his government’s record on the rule of law – threatens to derail Ukraine’s ambition to join the bloc, and to block the disbursement of a planned 50 billion euros ($54.5 billion) in aid to Kyiv.

EU leaders will meet in Brussels next month to discuss the opening of formal negotiations on Ukraine’s future accession.

Hungarian Prime Minister Viktor Orban delivers his speech after he was re-elected as party president at the election of officials congress of the ruling Hungarian Fidesz party in Budapest, Hungary, Saturday, Nov. 18, 2023. (Szilard Koszticsak/MTI via AP)

EU member countries have now four weeks to endorse the European Commission’s decision and greenlight the disbursement of money.

The total value of the Hungary’s post-pandemic recovery plan, which includes the REPowerEU chapter, totals 10.4 billion euros ($11.3 billion) in loans and grants. The Commission insisted that Hungary must achieve rule of law reforms for the bulk of that money to be released.

“The Commission will authorize regular disbursements based on the satisfactory completion of the reforms to ensure the protection of the Union’s financial interests, and to strengthen judicial independence, as translated into 27 ‘super milestones,’” the Commission said in a statement.

Hungary, a large recipient of EU funds, has come under increasing criticism for veering away from democratic norms. The Commission has for nearly a decade accused Orban of dismantling democratic institutions, taking control of the media and infringing on minority rights. Orban, who has been in office since 2010, denies the accusations.

A government billboard reading “Let’s not dance to their tune” is seen with portraits of Alex Soros and Ursula von der Leyen in downtown Budapest, Hungary, Monday, Nov. 20, 2023. A countrywide billboard campaign that flooded the streets of Hungary this week takes aim at the head of the European Union’s executive Ursula von der Leyen, the start of an election campaign that marks an escalation of tensions between the country’s right-wing government and the EU. (AP Photo/Denes Erdos)

Orban has also repeatedly angered the EU since Russia started its war in Ukraine last year. He has criticized the sanctions adopted by member countries against Russia as being largely ineffective and counter-productive, and last month met Vladimir Putin in a rare in-person meeting for the Russian president with a leader of a European Union country.

Last December, the EU froze billions of euros in cohesion funds allocated to Hungary over its failure to implement solid rule-of-law reforms. Although Hungary insists it doesn’t link EU funds to other issues, many in Brussels see its veto threats regarding aid to Ukraine as Orban’s bid to blackmail the bloc into releasing billions in regular EU funds and pandemic recovery cash that has been held up.

A Hungarian and a European Union flag is seen on a building in downtown Budapest, Hungary, Monday, Nov. 20, 2023. A countrywide billboard campaign that flooded the streets of Hungary this week takes aim at the head of the European Union’s executive Ursula von der Leyen, the start of an election campaign that marks an escalation of tensions between the country’s right-wing government and the EU. (AP Photo/Denes Erdos)

The Commission also gave a positive assessment of Poland’s revised recovery plan earlier this week, paving the way for the payment of 5.1 billion euros ($5.56 billion) to Warsaw. The announcement came a month after an election in Poland secured a parliamentary majority to pro-EU parties aligned with Donald Tusk, who is expected to become Poland’s next prime minister. He traveled to Brussels last month to meet with top officials and repair Warsaw’s ties with the bloc, aiming to unlock funds that have been frozen due to democratic backsliding under the outgoing nationalist government.

For more world news

Previous Article
Hundreds of German police raid properties of Hamas supporters across the country
Next Article
Gaza became a moonscape in war. Many fear it will remain uninhabitable

How useful was this article?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this article.

Latest News

Menu