Hungary blocks allocation of ˆ500 million to Ukraine from the European Peace Fund
Budapest opposes the use of the peace fund to finance the provision of weapons to Ukraine
Hungary has unexpectedly blocked the allocation of the eighth tranche of military aid to Ukraine from the European Peace Fund (EPF).
Source. This was reported by the Italian news agency ANSA with reference to a source.
The amount of the tranche is 500 million euros and is due to be disbursed next Monday.
Budapest, according to the agency, requires guarantees that the peace fund will retain its global status in the future and will not be used exclusively to arm Kyiv.
The European Peace Fund was established in 2021 and is funded by contributions from EU member states.
Background. As reported, the russian International Investment Bank is fleeing Hungary to russia after being sanctioned.
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