Hungary Blocked the Allocation of a 90 Billion EU Loan to Ukraine
The Financial Times reports that Hungary has blocked the decision by the European Union to allocate a 90 billion euro loan to Ukraine.

Hungarian Prime Minister Viktor Orbán. Photo: AP
According to the newspaper, citing sources, on February 20, Hungary's ambassador to the EU stated that Budapest opposes the European Union issuing debt obligations, guaranteed by the EU budget, to finance the loan to Ukraine. Unanimous support from all 27 EU member states is required to adopt such a decision.
Leaders of the European Union states agreed to the allocation of the loan back in December to help Ukraine, which may face a budget deficit in April. However, Hungary, Slovakia, and the Czech Republic agreed to support it only on the condition that they would not bear financial responsibility for repaying the loan.
As the publication notes, the European Commission needs to obtain the support of all EU countries to use the union's budget for issuing this loan.
As the Financial Times notes, Budapest's position was voiced on the eve of Hungary's parliamentary elections, scheduled for April 12. Sociological surveys show that the opposition party 'Tisza', led by Péter Magyar, is ahead of 'Fidesz', the party of incumbent Prime Minister Viktor Orbán, by approximately 10 percentage points.
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