EU approves massive loan for Ukraine
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EU indefinitely freezes Russian assets so Hungary and Slovakia can’t veto their use for Ukraine
The European Union on Friday indefinitely froze Russia’s assets in Europe to ensure that Hungary and Slovakia, both with Moscow-friendly governments, can’t prevent the billions of euros from being used to support Ukraine.
The original proposal was to use €210 billion of Russian state assets, frozen in Europe by economic sanctions, to finance a €90 billion loan to Ukraine.
PM Orban explained. What has now been created is a war loan, he said. With the exception of the Czech Republic, Slovakia, and Hungary, all EU member states have formed a lending community, using EU funds as well, to provide a war loan to Ukraine.
This exposes the Eurocrats’ massive policy failure: in Europe’s migration saga, realism eventually trumps rhetoric, but vindication comes at a steep, unjust price. The blueprint of the Hungarian way was forged amid the chaos of the 2015 migration crisis,
Hungary's top diplomat tells Newsweek he counts on U.S. support in halting a plot to federalize the EU through war with Russia.
Balazs Hidveghi analyzed the results of the EU summit, which ended in the early hours of Friday, in a Facebook post. He noted that the negotiations continued until 3 a.m., and ultimately, decisions favorable to Hungary were made.
Hungarian Prime Minister Viktor Orbán on Thursday said President Trump understands “Europe’s decline” and can see “that Europe has hit the wall of a long economic dead
Hungary protests against what it calls an "unlawful" step planned by European Union governments to freeze Russian assets indefinitely using a qualified majority vote, Prime Minister Viktor Orban said in a Facebook post on Friday.
The Council of the European Union will hold a hearing regarding the potential loss of Hungary's voting rights at a meeting on May 27, according to the agenda on the Council's web portal. This will be the eighth hearing regarding Hungary since the European ...
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Defending Jewish communities is part of fight for Europe’s soul, Hungarian minister tells 'Post'
The attack on Jewish communities is "an attack on our European civilization and our cultural heritage, which is based on the Judeo-Christian heritage and civilization.”
The European Commission on Thursday ordered Hungary to scrap a limit set on retail price margins on food products and drugstore articles levied on non-Hungarian retailers or risk legal action.
Due to their geography and existing infrastructure, countries in Central Europe remain dependent on Russian energy supplies. In October, Russian gas accounted for 12 percent of EU imports, down from 45 percent in 2022. Hungary’s and Slovakia’s energy supply, however, still relies heavily on this source.