Hungary's Stand Against EU's Freeze on Russian Assets
Hungary strongly opposes the European Union's plan to indefinitely freeze Russian assets, with Prime Minister Viktor Orban arguing it violates legal principles. This decision would prevent Hungary and Slovakia from vetoing extensions, affecting EU's strategy to use these assets for Ukraine's financing.
- Country:
- Hungary
Hungary is raising strong objections to the European Union's initiative to indefinitely freeze Russian assets. Prime Minister Viktor Orban expressed this dissent through a Facebook post, describing the move as 'unlawful.'
Orban warned that the EU was about to metaphorically cross a significant boundary, potentially causing irreversible damage to the Union's integrity.
Freezing these assets without the possibility of renewal vetoes would remove an obstacle for using the funds to support Ukraine, a move opposed by Russia-friendly Hungary and Slovakia.
(With inputs from agencies.)
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- Viktor Orban
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- qualified majority vote
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