Hungarian Prime Minister Viktor Orban has criticised the European Union’s decision to grant Ukraine a €90 billion interest‑free loan, warning that the measure brings the bloc “closer to war.” The loan, approved by EU leaders, is intended to support Ukraine through 2026‑2027. Orban called the decision “fundamentally flawed,” arguing that it will ultimately burden European taxpayers without delivering a realistic return and that Ukraine will be unable to repay the money, making the loan effectively a loss.
Orban’s comments followed the EU’s agreement on a joint borrowing scheme, from which Hungary, Slovakia and the Czech Republic opted out. The compromise came after a more controversial proposal to finance Ukraine using frozen Russian assets was rejected. Orban said Hungary would lift its veto only after receiving assurances that it would not be financially involved in the loan. He stressed that Budapest would not provide guarantees for the loan, despite its initial opposition to the decision.
The Hungarian premier warned that using frozen Russian assets to fund a reparations loan would have been even more dangerous, describing it as “immediate war.” Orban has repeatedly argued that the EU should prioritise diplomacy and de‑escalation in the Ukraine conflict rather than supplying financial and military support. Moscow has also condemned Western backing for Kyiv, warning of potential consequences.
The EU’s loan decision has sparked concerns about escalating the conflict, highlighting divisions within the bloc. While some member states have criticised the move, others have expressed support. As the situation unfolds, the international community will be watching closely to see how the loan’s implications and potential consequences affect the region.
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