Thursday, September 18, 2025
No Result
View All Result
newshub
  • Global news
    • Climate & energy
      • Climate
      • Carbon
      • Coal
      • Disruptive
      • Gas
      • Nuclear
      • Oil
      • Solar
      • Water
      • Waves
      • Wind
      • Renewable
      • South America
    • Lifestyle
      • Best chefs
      • Cocktail of the week
      • History
      • Influential women
      • Newshub longread
  • Financial insights
    • Australia
    • Banking
    • Central Banks
    • China
    • Commodities
    • Corporate
    • Europe
    • Fin & tech
      • Tech
      • AI
      • Blockchain
    • Investment
    • Japan
    • Neobanking
    • South East Asia
    • Stock of the week
    • UK
    • US
  • Africa
    • Africa finance
    • Burundi
    • Gambia
    • Senegal
  • Asia
    • Asia finance
    • Laos
    • Malaysia
    • South Korea
  • Caribbean
  • MSTRpay
  • Global news
    • Climate & energy
      • Climate
      • Carbon
      • Coal
      • Disruptive
      • Gas
      • Nuclear
      • Oil
      • Solar
      • Water
      • Waves
      • Wind
      • Renewable
      • South America
    • Lifestyle
      • Best chefs
      • Cocktail of the week
      • History
      • Influential women
      • Newshub longread
  • Financial insights
    • Australia
    • Banking
    • Central Banks
    • China
    • Commodities
    • Corporate
    • Europe
    • Fin & tech
      • Tech
      • AI
      • Blockchain
    • Investment
    • Japan
    • Neobanking
    • South East Asia
    • Stock of the week
    • UK
    • US
  • Africa
    • Africa finance
    • Burundi
    • Gambia
    • Senegal
  • Asia
    • Asia finance
    • Laos
    • Malaysia
    • South Korea
  • Caribbean
  • MSTRpay
No Result
View All Result
newshub
No Result
View All Result
ADVERTISEMENT

EU leaders enter showdown with Viktor Orbán over €50bn Ukraine package

2024/02/01/09:22
in Ukraine
Reading Time: 5 mins read
243 10
A A
EU leaders enter showdown with Viktor Orbán over €50bn Ukraine package

Member states hope to persuade Hungary to remove its block on funding at Brussels emergency summitMember states hope to persuade Hungary to remove its block on funding at Brussels emergency summit

EU leaders have returned to Brussels for a second showdown in two months with Hungary’s Viktor Orbán over his refusal to sanction a new €50bn assistance package for Ukraine.

A mixture of frustration and anger prevailed in the city as leaders arrived for dinner on Wednesday night on the eve of the emergency summit, with aides lamenting the failure of the Hungarian PM to shift position since December, when he first blocked the funds.

“We are really at a crossroads,” said one EU official.

Diplomats in Brussels stress that Ukraine will not run out of funding for military equipment and ammunition as this comes through individual member states through the European Peace Facility.

But they are worried about liquidity in the Ukrainian economy and the signal a lack of unity will give to Putin.

This EU fund, combined with support from the International Monetary Fund and the European Bank for Reconstruction and Development, has allowed the salaries of teachers, doctors and soldiers to be paid, cash machines to continue working and buildings to be reconstructed where possible in the past two years.

Efforts to persuade Orbán to budge have redoubled in the past 24 hours, with representatives of the other 26 EU states agreeing to insert a compromise paragraph in the draft text of the agreement being sought at the summit on the budget.

In recent days Hungary said it would lift its veto but only if the budget was revisited every year of the four-year funding period.

Ukrainian soldiers load ammunition onto their vehicle  before going to the frontline.

On Wednesday morning member states’ ambassadors proposed an annual debate rather than a vote on the Ukraine fund facility.

The new draft text of the official agreement being sought pledges an annual European Commission review of the implementation of the funds facility.

On that basis “the European Council will hold a debate each year on the implementation of the facility with a view to providing guidance on the EU approach”, the draft text says.

Weighing on leaders’ minds is the prospect of Ukraine running out of money in the spring to pay civil servants, teachers, doctors and to keep pension funds topped up.

There are also increasing concerns among some member states that Russia, which has intensified its ammunition production, could win the war against Ukraine.

The EU’s chief diplomat, Josep Borrell, said on Wednesday that the EU expected to reach just 52% of its target to send 1m rounds of shells to Ukraine by March this year, according to the latest production data compiled by the commission.

The data had been collected after Germany put pressure on the EU’s External Action Service to try to nail down reliable data on each member state’s contributions.

Some say it was out of a sense of frustration in Germany, which has so far contributed €17bn (£14bn) with another €7.4bn committed for 2024, that other member states, particularly the large economies of France, Italy and Spain, were not doing enough.

Diplomats confirmed the survey had been completed but “some member states did not provide data”.

They expect it will be raised by the German chancellor, Olaf Scholz, and the Dutch prime minister, Mark Rutte, at the summit on Thursday.

Speaking after an EU ministers’ meeting in Brussels, Borrell also said EU countries planned to train another 20,000 Ukrainian soldiers, on top of 40,000 already trained.

On Wednesday five EU prime ministers including Scholz issued a blunt warning in an open letter that the EU had already fallen short of its ammunition promises.

Scholz, Rutte and the leaders of Denmark, Estonia and the Czech Republic said: “Russia doesn’t wait for anybody and we need to act now. If Ukraine loses, the long-term consequences and costs will be much higher for all of us.”

One diplomat said the letter had a “dual message” to pile pressure on member states to increase military support but also to send a message to Vladimir Putin that time was on the EU’s side as it would not waver in its support for Ukraine.

A final push on Wednesday to win over Orbán at a meeting of EU representatives appeared to have failed.

One source said the Hungarian representative, who spoke first, told counterparts Hungary was “working intensively and constructively towards a solution that would be acceptable for everyone within the MFF [multi-annual financial framework]”.

But the representative then went on to request an annual review accompanied by a “unanimous vote on the funding” which one diplomat said would “in other words be establishing a yearly veto mechanism”.

This was “a clear red line mentioned by almost all delegations”, said a source.

They pressed upon Hungary that the annual review was a workable compromise.

Officials have expressed perplexity with Hungary’s hardline position.

The emergency summit was called just before Christmas, after Hungary blocked the package arguing more funds would prolong the war in Ukraine.

One senior official said: “We really are at a deadlock. We will not know what he thinks until we are inside the room.”

Officials have worked up a plan B, which would involve the 26 member states agreeing the money outside the EU budget.

Raising the money, a mixture of loans and state contributions, that way is more complicated, requiring parliamentary approval in some cases.

“It is not the end of the world, but it’s a very difficult situation,” said a source.

Source: The Guardian

Related Posts

Ukraine

Ukraine and NATO intensify security planning as peace talks stall

by newshub
4 weeks ago

Ukraine is stepping up work with NATO allies on long-term security guarantees amid stalled negotiations with Russia and continued threats...

Read moreDetails

Russia warns Ukraine security talks without Moscow are a ‘road to nowhere’

4 weeks ago
What Ukraine stands to lose as Trump reshapes policy

What Ukraine stands to lose as Trump reshapes policy

4 weeks ago
Starmer hails Ukraine talks in Washington as ‘good and constructive’

Starmer hails Ukraine talks in Washington as ‘good and constructive’

1 month ago
Trump and Zelenskyy key takeaways: Oval Office meeting explodes into shouting match

Trump rules out Ukraine reclaiming Crimea or joining Nato as European leaders gather in Washington

1 month ago

Trump reportedly backs ceding of Ukrainian territory as part of peace deal

1 month ago
No Result
View All Result

Recent Posts

  • UK minister faces tough questions in Ghana over aid cuts
  • China agrees TikTok deal with US trade officials in Spain
  • EU pushes for stronger ties with India despite tensions over Russia connections
  • Uganda commits to sharp spending cut amid fiscal stress
  • Markets await open as European and US trading yet to start

Recent Comments

    Archives

    • September 2025
    • August 2025
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023
    • June 2023
    • May 2023
    • April 2023
    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022

    Categories

    • Africa
    • Africa finance
    • AI
    • An diesem Tag
    • Asia
    • Asia finance
    • Australia
    • Banking
    • Best chefs
    • Biden
    • Blockchain
    • Burundi
    • Carbon
    • Caribbean
    • Central Banks
    • China
    • Climate
    • Climate & Energy
    • Coal
    • Cocktail of the week
    • Commodities
    • Corporate
    • Deutsch
    • Deutsch PR
    • Digital Banking
    • English PR
    • Europe
    • Financial insights
    • Focus on neobanking
    • Gas
    • Global news
    • Harris
    • History
    • India
    • Influential women
    • Invest and Rest
    • Italiano PR
    • Jamaica
    • Japan
    • Laos
    • Laos
    • Lifestyle
    • Metaverse
    • MSTRpay
    • Neobanking
    • News
    • Newshub longread
    • newshub special
    • newshub-special
    • NFT
    • Nobel Prizes 2024
    • Nuclear
    • Oil
    • Press
    • Press releases
    • Pressroom
    • Renewable
    • Russia
    • Senegal
    • Solar
    • South America
    • South East Asia
    • South Korea
    • Stock of the week
    • Stocks
    • Svensk PR
    • Tech
    • Trump
    • Trump trials
    • UFO
    • UK
    • UK News
    • Ukraine
    • US
    • US politics
    • Waves
    • WEX
    • Wind
    • World safety

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    Recent Posts

    • UK minister faces tough questions in Ghana over aid cuts
    • China agrees TikTok deal with US trade officials in Spain
    • EU pushes for stronger ties with India despite tensions over Russia connections
    • Uganda commits to sharp spending cut amid fiscal stress
    • Markets await open as European and US trading yet to start

    Categories

    • Africa
    • Africa finance
    • AI
    • An diesem Tag
    • Asia
    • Asia finance
    • Australia
    • Banking
    • Best chefs
    • Biden
    • Blockchain
    • Burundi
    • Carbon
    • Caribbean
    • Central Banks
    • China
    • Climate
    • Climate & Energy
    • Coal
    • Cocktail of the week
    • Commodities
    • Corporate
    • Deutsch
    • Deutsch PR
    • Digital Banking
    • English PR
    • Europe
    • Financial insights
    • Focus on neobanking
    • Gas
    • Global news
    • Harris
    • History
    • India
    • Influential women
    • Invest and Rest
    • Italiano PR
    • Jamaica
    • Japan
    • Laos
    • Laos
    • Lifestyle
    • Metaverse
    • MSTRpay
    • Neobanking
    • News
    • Newshub longread
    • newshub special
    • newshub-special
    • NFT
    • Nobel Prizes 2024
    • Nuclear
    • Oil
    • Press
    • Press releases
    • Pressroom
    • Renewable
    • Russia
    • Senegal
    • Solar
    • South America
    • South East Asia
    • South Korea
    • Stock of the week
    • Stocks
    • Svensk PR
    • Tech
    • Trump
    • Trump trials
    • UFO
    • UK
    • UK News
    • Ukraine
    • US
    • US politics
    • Waves
    • WEX
    • Wind
    • World safety

    Archives

    • September 2025
    • August 2025
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023
    • June 2023
    • May 2023
    • April 2023
    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    newshub

    © 2023-2025
    MSTRpay & PAXIT
    Legal & Disclosure

    • Global news
    • Financial insights
    • Africa
    • Asia
    • Caribbean
    • MSTRpay

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • Global news
      • Climate & energy
        • Climate
        • Carbon
        • Coal
        • Disruptive
        • Gas
        • Nuclear
        • Oil
        • Solar
        • Water
        • Waves
        • Wind
        • Renewable
        • South America
      • Lifestyle
        • Best chefs
        • Cocktail of the week
        • History
        • Influential women
        • Newshub longread
    • Financial insights
      • Australia
      • Banking
      • Central Banks
      • China
      • Commodities
      • Corporate
      • Europe
      • Fin & tech
        • Tech
        • AI
        • Blockchain
      • Investment
      • Japan
      • Neobanking
      • South East Asia
      • Stock of the week
      • UK
      • US
    • Africa
      • Africa finance
      • Burundi
      • Gambia
      • Senegal
    • Asia
      • Asia finance
      • Laos
      • Malaysia
      • South Korea
    • Caribbean
    • MSTRpay

    © 2023-2025
    MSTRpay & PAXIT
    Legal & Disclosure