link : Hungarian PM Says Ukraine Must Explain How 70 Billion Was Spent
Hungarian PM Says Ukraine Must Explain How 70 Billion Was Spent
Hungarian Prime Minister Viktor Orban. Reuters
Reuters: Hungary opposes EU plan to grant more money to Ukraine -PM Orban
BUDAPEST (Reuters) - Hungary rejects the European Commission's plans to grant more money to Ukraine and is not willing to contribute additional money to finance the EU's increased debt service costs, Prime Minister Viktor Orban told state radio on Friday.
Orban, speaking on the sidelines of the EU summit in Brussels, said it was a "ridiculous" request from the Commission that Hungary should contribute more money, when Budapest - along with Poland - has not received funds from the EU's Recovery Fund amid a rule of law dispute.
The European Union will provide Ukraine with 50 billion euros ($54.30 billion) in aid for 2024-27, the bloc's president said on June 20. This comes after a review of the EU's 2021-27 shared budget, which has been depleted by the COVID-19 pandemic, the war in Ukraine and an energy crisis. High inflation and interest rates have also doubled debt-servicing costs.
"One thing is clear, we Hungarians ... will not give more money to Ukraine until they say where the previous around 70 billion euros worth of funds had gone," Orban said.
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Update: Ukraine must explain how €70 billion was spent – EU state (RT)
WNU Editor: Here is an easy prediction. There is going to be no accounting on how Ukraine is spending Western aid.
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