EU threatens to hit Hungary’s economy if aid from Ukraine is vetoed

Confidential plan drafted by Brussels, the EU will sabotage Hungary’s economy if Budapest refuses to provide new aid to Ukraine at a summit this week, reported on Sunday.

In an attempt to harm “jobs and growth,” Brussels has laid out a plan to attack Hungary’s economic vulnerabilities, jeopardize its currency, and cause a collapse in investor confidence if Budapest declines to lift its veto on the aid to Kyiv, according to the newspaper.

Prime Minister of Hungary Viktor Orban boasted of his connections to the Kremlin following Russia’s invasion of Ukraine in February 2022. According to the document obtained by FT, “other heads of state and government would publicly declare that in the light of the unconstructive behavior of the Hungarian PM, they cannot imagine that” EU funds would be given to Budapest “in the case of no agreement in the Feb 1.”

Key Points

  • Brussels drafts plan to harm Hungary’s eco if Budapest refuses new aid to Ukraine.
  • The plan aims to harm jobs and growth, jeopardize Hungary’s currency, and cause investor confidence to collapse.
  • Hungary’s Prime Minister Viktor Orban has connections to the Kremlin, indicating potential public disapproval of EU funds for Budapest.

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