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Budapest Blocks E.U. Financial Aid to Ukraine

December 07 2022

Hungary
European Union

The Hungarian government has vetoed an 18-billion-euro (US$18.8 billion) aid loan to Ukraine, reports the Baltic News Network.

Hungary is the only E.U. member state that had not yet approved the spending plan, which requires unanimity.

Lithuanian Economy Minister Aušrine Armonaite accused Hungary of using the aid package as a “bargaining tool” to get the E.U. to grant its budget funds. Brussels has frozen funding for Budapest due to its democratic backsliding and corruption risks....

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