EU's Frozen Asset Strategy for Ukraine Faces Hungarian Opposition

Hungarian Prime Minister Viktor Orban announced that the proposal for the EU to use Russian frozen assets in Brussels to finance Ukraine is 'dead' due to opposition. Orban also rejected the idea of financing Ukraine through a common EU loan, highlighting Hungary's disagreement with Brussels' plan.

The proposal to utilize Russian frozen assets located in Brussels for financing Ukraine has been declared 'dead' by Hungarian Prime Minister Viktor Orban.

Addressing reporters at the EU summit in Brussels, Orban stated there exists a blocking minority opposed to this strategy.

Furthermore, Orban voiced Hungary's disapproval of financing Ukraine through a common EU loan, arguing economic disagreements with the bloc's broader fiscal policies.

(With inputs from agencies.)