RT.com
07 Mar 2025, 17:10 GMT+10
Hungary has vetoed the blocs new 30 billion military aid package for Kiev
The EU does not have the financial capacity to continue aiding Ukraine, Hungarian Prime Minister Viktor Orban warned in an interview with Kossuth Radio on Thursday. He argued that the bloc's budget will be stretched too thin if it moves forward with all its planned initiatives, including another support package for Kiev, financing its EU membership bid, and ramping up European defense spending.
Orban's remarks came after he vetoed the EU's proposed €30 billion ($32 billion) military aid package for Ukraine at an emergency European Council meeting earlier in the day. Despite support for the proposal from the other 26 EU leaders, Orban argued that it effectively greenlighted the continuation of the conflict.
In his interview, the prime minister outlined the mounting financial burdens the bloc faces if it does not change course. First, he said, the EU would be responsible for funding Ukraine's military, as "the Ukrainians don't have a penny for that." Second, Brussels would have to bankroll the Ukrainian government, including salaries and pensions, because "Ukraine, as a state, is not functioning." Third, the bloc would need to fund Ukraine's EU membership bid, with no clear estimate of how much it could cost. Lastly, Orban pointed out that the EU has approved the ReArm Europe initiative, which calls for up to €800 billion in new defense spending.
"If I add all this up, there isn't that much money in the bloc. So this won't work like that... I think the bottom line is that we can't afford this," Orban stated, urging EU leaders to reconsider their stance on Ukraine.
The bloc's Ukraine support package is expected to be revisited at the next EU leaders' summit later this month. However, Orban suggested that even then, the proposal is unlikely to pass, as more nations are beginning to realize that there are no available funds.
Orban's remarks come as EU leaders grow increasingly concerned over the impact of US President Donald Trump's recent policy shift on Ukraine. According to media reports, the White House has frozen new military aid to Kiev, a move Trump had been warning about for weeks. He also urged European nations to take on greater responsibility for Ukraine's war effort and their own defense, repeatedly stating that he wants the conflict to end as soon as possible so he can focus on domestic policy.
(RT.com)
Get a daily dose of Scandinavia Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Scandinavia Times.
More InformationDUBLIN, Ireland: Ireland could face fines of up to 27 billion euros for failing to meet EU emissions targets, a new report has warned....
DUBLIN, Ireland: Homelessness in Ireland has reached an all-time high, with 15,286 people in emergency accommodation in January 2025,...
DUBLIN, Ireland: Coffeewerk + Press, located on Quay Street in Galway city center, ranked 39th on the prestigious list—it is the only...
Flags of the European Union fly outside the Berlaymont Building, the European Commission headquarters, in Brussels, Belgium, Jan. 29,...
Hungary has vetoed the bloc's new 30 billion military aid package for Kiev The EU...
Hungary has vetoed the blocs new 30 billion military aid package for Kiev The EU does not have the financial capacity to continue...
WASHINGTON, D.C.: The Pentagon told its civilian employees that they must provide a list of five bullet points detailing their accomplishments...
MELBOURNE, Australia: An Australian warship rescued Lithuanian adventurer Aurimas Mockus this week after he became stranded in the...
WASHINGTON, D.C.: The U.S. is sending about 3,000 more soldiers to the U.S.-Mexico border as President Donald Trump pushes to stop...
ANNAPOLIS, Maryland: Maryland's largest managed care organization for Medicaid recipients has had its accreditation suspended, prompting...
SEOUL, South Korea: A U.S. aircraft carrier reached South Korea over the weekend, shortly after North Korea test-fired cruise missiles...
WASHINGTON, D.C.: Firefly Aerospace has achieved a major milestone in private space exploration, successfully landing its Blue Ghost...