Kyiv urgently needs this aid to support its administrative apparatus and continue its war with Russia in 2026 and 2027. The rapid disbursement of this financial aid is therefore crucial for both Ukraine and the EU, especially as the US is increasingly embroiled in its war with Iran and may restrict aid to Kyiv.
The fact that the high-level meeting failed to resolve the issue was simply disappointing for the EU. What disappointed the EU even more was that Hungary's veto caused this major event to fall apart.
Hungarian Prime Minister Viktor Orban
Photo: Reuters
At this high-level meeting, EU leaders and many members spent considerable effort and time trying to persuade Hungarian Prime Minister Viktor Orban, but were met with resistance. Orban demanded that Ukraine repair the oil pipeline from Russia, transiting through Ukraine to Central and Western Europe. He argued that if Hungary did not supply oil, funding for Ukraine would be withheld – a simple argument that accurately reflected Hungary's current predicament and its almost complete dependence on Russian oil supplies.
For this benefit and for the sake of campaigning for the upcoming parliamentary elections, Orban has created a situation where Hungary stands alone against the entire EU. Without energy from Russia, the Hungarian economy cannot survive due to a lack of alternative sources. And if he doesn't win the upcoming parliamentary elections, Orban cannot extend his current 16-year term in power. Therefore, single-handedly challenging the EU is a "win big or lose everything" gamble for both Hungary and Orban.
Hungary 'backs out' of its deal with the EU, vetoing a 90 billion euro loan package for Ukraine.
Source: https://thanhnien.vn/mot-minh-gay-kho-lien-minh-185260322175044962.htm
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