The European Union is changing the support system for Ukraine: On Wednesday (October 9), EU ambassadors are expected to reach an agreement regarding the award to Kiev 50 billion euro interest on frozen Russian assets. RMF FM learned that the vast majority of funds will be allocated to programs financed from the EU budget. Suddenly five percent it is intended to contribute to the fund European Peace Instrument (EPF).
As it was before: The radio station reminds that it has been decided in advance majority Interest funds from frozen Russian assets went to the EPF, thanks to which the EU financed weapons for Ukraine. Money collected in the fund were used for the purpose refund support sent to Kiev by Member States.
What causes the change: Funds from the European fund have been blocked many times in the past Hungary's veto. Polish Radio 24 reminds that due to Budapest's opposition, the impasse in the case has been going on since almost a yearand the EU cannot use approximately six billion euros. Poland is one of the countries affected by the situation – it has been waiting for months for a refund of EUR 450 million (almost two billion zlotys) for weapons for Kiev.
What does this mean: A new way of supporting Kiev will allow to omit Hungarian veto. On the other hand, the RMF FM correspondent notes that the decrease in funds allocated to the EPF may be related to reduction in equipment supplies Ukraine from EU member states. Funds from the support will be able to be used for its own development defense industry.
More information about the current situation Hungarian in the article: “'Hungarian leaders miss the East.' Orban 'alienated and hurt'“.
Check the sources: : RMF FM, Polish Radio 24