FT: Hungary prevented the EU from sending profits from Russian assets to weapons of the Armed Forces of Ukraine
Hungary is preventing the withdrawal of profits from frozen Russian assets for the military needs of the Armed Forces of Ukraine (AFU), reports The Financial Times (FT) citing sources.
According to the newspaper’s interlocutors, European Union (EU) countries have been discussing the possible purchase of weapons for Kyiv for several months. An agreement was reached to send two billion euros a year from Russian assets held in accounts in the Belgian depository Euroclear. However, Hungary voted against it when a unanimous decision was needed.
One FT source noted that the EU has proposed to Hungary that its share of the blocked assets should not be used to purchase weapons. The newspaper’s interlocutors suggested that a solution could be found before July.
Earlier, Hungarian Prime Minister Orban said that the majority of European Union member countries consider sending military personnel to Ukraine an excessive step. According to him, even previously pro-war prime ministers assess the prospect of direct involvement in the conflict in this way.
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