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
RELATED NEWS

Russia warns of unpredictable consequences for EU troop deployment to Ukraine

|

Russia has opposed the Western plan to send troops to Ukraine after ending negotiations with the US in Saudi Arabia, and warned of unpredictable consequences.

Russian gas exports to EU are on the rise, breaking records

|

Russian gas exports to Europe via the TurkStream pipeline hit a record for the second consecutive week.

The paradox of Russian gas still flows into the EU en masse

|

EU imports of Russian gas skyrocketed, reaching nearly $2 billion in December last year.

Norwegian King Harald V passes away at the age of 89, Crown Prince Haakon succeeds the throne

|

Norwegian King Harald V passed away at a hospital in Oslo, at the age of 89. Crown Prince Haakon officially succeeded the throne.

Major hospitals are ready for examination and emergency care throughout the National Day holiday of September 2nd

|

During the 5-day National Day holiday of September 2nd, many major hospitals in Hanoi still maintained 24/24 hour emergency care, ensuring medical examination and treatment.

About 13 million subscribers were locked and recalled due to information not being standardized

|

Currently, there are about 102 million standardized subscriber numbers, confirmed as genuine owners and integrated into paper wallet on VNeID.

Many violations revealed after inspection of unfinished residential area project in Thai Nguyen

|

Thai Nguyen - The inspection conclusion has pointed out violations and backlogs at the Quang Trung - Quang Vinh Residential Area project with nearly 10 years of unfinished implementation.

Russia warns of unpredictable consequences for EU troop deployment to Ukraine

Bùi Đức |

Russia has opposed the Western plan to send troops to Ukraine after ending negotiations with the US in Saudi Arabia, and warned of unpredictable consequences.

Russian gas exports to EU are on the rise, breaking records

Thanh Hà |

Russian gas exports to Europe via the TurkStream pipeline hit a record for the second consecutive week.

The paradox of Russian gas still flows into the EU en masse

Khánh Minh |

EU imports of Russian gas skyrocketed, reaching nearly $2 billion in December last year.