EU faces financial burden as US stops aid to Ukraine

Bùi Đức |

Prime Minister Orban said the Hungarian people would suffer significant losses if the EU implemented a plan to replace the US in shouldering financial aid to Ukraine.

RT reported that on February 19, Hungarian Prime Minister Viktor Orban warned that countries in the European Union (EU) will replace the US in providing financial support to Ukraine in the context of Brussels being concerned about the possibility of Washington ending aid to Kiev after a series of eye-catching statements by Mr. Trump.

In recent days, President Trump has asked Ukraine to return the US the aid it has provided since the conflict with Russia broke out in February 2022.

The new Washington administration also noted that NATO members may have to bear the bulk of aid to Ukraine in the future as the US will focus resources on solving domestic problems.

According to Mr. Orban, Belgium could be the most active country in mobilizing the whole of Europe to participate in this plan and accept Ukraine's application to join the EU, while Kiev has not met the conditions. He affirmed that Hungary would never agree to this idea.

According to Brussels' proposal, Hungary will have to provide Ukraine with about 200 billion forints (equivalent to 520 million USD). Mr. Orban warned that if this plan is approved, Hungarian farmers will suffer significant losses due to the loss of area subsidies, because that amount will be transferred to Ukraine.

According to RT, the Hungarian leader has long disagreed with Brussels on the approach to the Ukrainian conflict, and even opposed the EU's provision of financial and military assistance to Kiev.

Meanwhile, Mr. Orban welcomed the US efforts in finding peace in Ukraine, including bilateral talks on February 18 between senior Russian and US officials in the capital Riyadh (Saudi Arabia).

According to many sources, the EU is urgently developing a plan to allow continued support for the Kiev government in the event of a US withdrawal of aid and lawmakers in Brussels are planning to discuss creating a new fund to raise money to provide military support to Kiev.

The fund is expected to be partly funded by profits from frozen Russian assets in the bloc, and partly by voluntary contributions from EU member states at their national income ratio.

Bùi Đức
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