The Financial Horizons
No Result
View All Result
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
  • Latest News
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
  • Latest News
No Result
View All Result
The Financial Horizons
No Result
View All Result
Home Latest News

Hungary vetoes $54B European aid package for Ukraine, dealing Zelenskyy another blow

by
December 16, 2023
in Latest News
0
Hungary vetoes $54B European aid package for Ukraine, dealing Zelenskyy another blow
0
SHARES
7
VIEWS
Share on FacebookShare on Twitter

Hungary has vetoed a €50 billion ($54 billion) European financial aid package to Ukraine, just days after Ukrainian President Volodymyr Zelenskyy failed to persuade U.S. lawmakers to approve an additional $61 billion for the war-torn country.

The aid was vetoed by Hungarian Prime Minister Viktor Orbán, delivering another tough blow to Zelenskyy who is heavily dependent on the European Union and U.S. funding to stave off Russian forces. 

‘Summary of the nightshift: veto for the extra money to Ukraine… We will come back to the issue next year in the European Council after proper preparation,’ Orbán posted to X after an EU leaders summit in Brussels on Thursday. 

The move leaves Zelenskyy in a desperate position for much-needed funding as the war drags on.

Orbán, who has a history of banking on clashes with other EU leaders for electoral benefit at home, told state radio that he blocked the aid package to Ukraine as part of a multiyear plan to make sure Hungary gets the funds it wants from the EU budget.

‘It is a great opportunity for Hungary to make it clear that it must get what it is entitled to. Not half of it, or one-fourth,’ he said.

Russia intended for its invasion to last only a few weeks, but Ukraine’s surprising and effective resistance dragged the conflict out as it nears a third year.

Ukraine’s much-promised counteroffensive in the second year, however, did not yield the results that Zelenskyy had promised, which has prompted questions from Congress over both the amount of aid and the timeline for how long the U.S. could or should provide ongoing assistance to Ukraine. 

Zelenskyy, in an exclusive interview with Fox News chief political anchor Bret Baier on ‘Special Report,’ insisted the question of funding Ukraine is not financial but ‘moral,’ as he urged the U.S. to keep backing his people.

Despite Orbán’s veto, the Hungarian leader did not stand in the way of the EU opening accession talks with Ukraine that could see it join the 27-member bloc in the future, a strategic goal of Zelenskyy, who wants to align the country closer with the West.

Zelenskyy hailed the approval of membership talks as a victory for Ukraine and Europe.

However, Orbán warned Hungary could still block the talks at any time.

‘This is a bad decision,’ the nationalist leader said, according to Reuters. ‘We can halt this process later on, and if needed we will pull the brakes, and the ultimate decision will be made by the Hungarian parliament.’

Decisions on enlarging the EU and on a review of its long-term budget, which includes the $54 billion in aid for the government in Kyiv, must be unanimous among all 27 member countries.

Fox News’s Peter Aiken, The Associated Press and Reuters contributed to this report.

This post appeared first on FOX NEWS
Previous Post

Stefanik hits DC judge linked to Trump case with ethics complaint

Next Post

Young generation of anti-Hamas activists in Gaza step up to serve but are snubbed by UN, aid groups

Next Post
Young generation of anti-Hamas activists in Gaza step up to serve but are snubbed by UN, aid groups

Young generation of anti-Hamas activists in Gaza step up to serve but are snubbed by UN, aid groups

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent News

    Schumer forces name change for ‘big, beautiful bill’ moments before it passes

    Schumer forces name change for ‘big, beautiful bill’ moments before it passes

    July 1, 2025
    ‘Only the beginning’: Trump admin releases data showing federal workforce slashed since January

    ‘Only the beginning’: Trump admin releases data showing federal workforce slashed since January

    July 1, 2025
    House Republicans call for investigation into Obama-appointed judge in Trump funding case

    House Republicans call for investigation into Obama-appointed judge in Trump funding case

    July 1, 2025
    Tax cuts, work requirements and asylum fees: Here’s what’s inside the Senate’s version of Trump’s bill

    Tax cuts, work requirements and asylum fees: Here’s what’s inside the Senate’s version of Trump’s bill

    July 1, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: Thefinancialhorizons.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thefinancialhorizons.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Editor’s Pick
    • Latest News

    Disclaimer: Thefinancialhorizons.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thefinancialhorizons.com | All Rights Reserved