On Tuesday, the finance ministers of the EU countries discussed a new loan of 35 mld eurothat the Union wants to provide Ukraine. The loan is to be secured by Russian assets frozen by the EU Union contribution to support in a country format G7which will amount to EUR 45 billion in total.
Meanwhile, Budapest will hold off on a final agreement on a $50 billion loan to Ukraine until after the US presidential elections, thus delaying a decision on when to renew EU sanctions against Russiasaid the Minister of Finance Hungarian.
War in Ukraine. Russian profits may help Kiev
Reuters points out that Washington I need to European Union changed the timeframe for renewing sanctions from the current six months to three years so that he could contribute approximately $20 billion to the G7 loanwhich matches the European Union's contribution, EU officials said.
The remaining $10 billion will be provided by G7 members: Canada, Great Britain and Japan – the countries have already assured that they will transfer their share jointly. The loan funds will be serviced from proceeds generated from approx $300 billion in assets of the Russian central bank frozen in the West after the invasion Moscow to Ukraine in early 2022.
Viktor Orban himself stated on Tuesday that the Community had prepared for the results of the US elections. Earlier, the Hungarian Prime Minister met with representatives of the press.
What will Orban do in the event of an attack by Russia? “We are in NATO”
The Fidesz leader was asked about his reaction to a potential attack on his country from Moscow and whether he would be able to give up part of Hungary to Russia. Orban himself recently gave similar advice to Kiev.
– NATO and art. 5 gives Hungarians a total sense of security, said a right-wing politician diplomatically. He also admitted that he is in the minority of EU leaders who claim that “Ukraine cannot win on the front.
– If you cannot win on the battlefield, you must communicate and negotiate – he said in response to a question from a Ukrainian journalist.
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