The EU takes the first step to circumvent Hungary's veto on aid of 18,000 million for Ukraine in 2023

BRUSELAS, 10 Dic. (EUROPA PRESS) -

The countries of the European Union have taken the first step this Saturday to circumvent Hungary's veto on macro-financial aid of 18,000 million euros for Ukraine in the period of 2023, by agreeing to create a financial instrument that would allow them both to issue debt backed by the European budget -- for which they need the support of Hungary -- or resort to national guarantees, which will allow them to make the decision to 26.

The EU Ministers of Economy and Finance were unable to close an agreement at their meeting last Tuesday due to the veto of Budapest, which uses this blockade to pressure its partners to reject Brussels' proposal to freeze 7,500 million Cohesion funds to Ukraine. At the end of the meeting, the bloc announced that they would work on a "plan B" to overcome the situation.

Thus, the Twenty-seven have agreed by means of a simplified procedure and a "qualified majority" on the instrument that will make it possible to resort to both possibilities to finance macro-financial aid to Ukraine, although European sources warn Europa Press that "there is still no agreement" on that matter, so there could still be guarantees from the common budget if Hungary backs down.