PM Orban says EU controls guarantee reasonable use of money for Ukraine

Hungary accepted an EU deal to extend 50 billion euros ($54 billion) in new aid to Ukraine after receiving an offer for a control mechanism that guarantees reasonable use of the money, Prime Minister Viktor Orban said on Thursday.

Hungary accepted the deal with conditions that withheld EU funds from Hungary will not end up in Ukraine and that Ukrainian aid will be used sensibly, Orban said in a video on Facebook, adding he was pleased markets reacted positively to the agreement.