Wednesday, December 13, 2023

EU mulls billions in funding for Hungary on eve of Ukraine aid summit

Brussels is expected to unlock 10 billion euros in EU funding for Hungary on Wednesday, the eve of a summit on support for Ukraine that Hungarian Prime Minister Viktor Orban has threatened to derail. 

The European Commission can expect to be accused of backing down in its standoff with Orban, and it is far from clear that the gesture will avert a dispute between leaders.

EU leaders will be in Brussels from Thursday to discuss renewing their support for Ukraine, with a macroeconomic package of 50 billion euros ($54 billion) and a promise of formal membership talks on the table.

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