Orban on why Hungary vetoes EU funding Ukraine by debt in an interview ahead of bloc summit

Viktor Orban, Hungarian Prime Minister: “Despite its economic difficulties, Hungary has no choice but to recognize the need to help Ukraine. The question is how to help Ukraine. There are two proposals on the table. One proposal says that we should use the budgets of the EU member states to take out new loans together and use the money from the loans to give to Ukraine. We are not in favour of this because we do not want the European Union to become a community of indebted states instead of a community of cooperating member states. Therefore we do not support any policies that the European Union wants to finance by borrowing together, not only in relation to Ukraine, but in general.”

Hungary vetoed an 18 billion euro ($19 bln) loan to Ukraine from the European Union on Tuesday (December 6) as its row with the bloc over undermining democracy rumbled on and the other 26 member states delayed a decision on releasing billions of aid to Budapest. At an EU economics and finance ministers’ meeting in Brussels, Hungarian minister Mihaly Varga confirmed his government’s opposition to a loan for Ukraine financed by joint EU borrowing. Budapest has said it would provide bilateral help to Kyiv. Locked in a tug-of-war with Hungary, the ministers decided to take off Tuesday’s agenda any decision about 7.5 billion euros in EU funds earmarked for Hungary.

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