Current:Home > InvestHungary’s foreign minister hints that Budapest will continue blocking EU military aid to Ukraine -Edge Finance Strategies
Hungary’s foreign minister hints that Budapest will continue blocking EU military aid to Ukraine
Benjamin Ashford View
Date:2025-04-08 01:01:58
BUDAPEST, Hungary (AP) — Hungary’s foreign minister on Wednesday said that his government wants guarantees from Kyiv that a Hungarian bank, recently removed from a Ukrainian list of sponsors of Russia’s war, will not be placed back on that list in the future — a sign that Budapest may not be ready to lift its veto of a major military aid package to Ukraine.
Foreign Minister Peter Szijjarto said that a Monday decision by the Ukrainian National Agency of Corruption Prevention to remove OTP Bank from the list was a “step in the right direction,” but that Hungary required further assurances before it would change its approach to Ukraine in any international settings.
Hungary’s Foreign Ministry has invited Ukraine’s anti-corruption agency to come to Budapest “as soon as possible” to discuss the listing of OTP, Szijjarto said, “so that we can negotiate an agreement that guarantees that no such decision will be taken (again) in the future.”
“If a reassuring agreement is reached there, then we will of course have to consider what steps this justifies on our part,” Szijjarto told a news conference.
Ukraine added OTP to its list of sponsors of the war in May in response to the financial institution continuing its operations in Russia – and thus paying taxes to the central government – after Moscow launched its full-scale invasion of Ukraine in February 2022.
In response, Hungary has blocked an EU military aid package to Kyiv worth 500 million euros since May, vowing it would not withdraw its veto until OTP was removed from the list.
Last week, Ukraine’s anti-corruption agency temporarily removed the bank from the list in the hopes that Budapest would lift its veto of the funding. But Hungarian officials signaled that the temporary removal was not enough, and the agency fully removed the bank from the list on Monday.
Hungary’s Foreign Ministry did not respond to emailed questions about whether Szijjarto’s comments indicated that Hungary would continue blocking the EU aid package despite OTP being taken off the war sponsors list.
The Hungarian government, led by nationalist Prime Minister Viktor Orbán, has sparred with Kyiv over a number of issues since Russia’s full-scale invasion began.
Orbán, who has maintained ties with Russian President Vladimir Putin, has argued against supplying Ukraine with weapons and refused to allow Hungary to do so, and has fervently argued against imposing EU sanctions on Moscow, though he has never ultimately voted against them.
Last week, Orbán cast doubt on the prospect of the EU beginning negotiations any time soon for Ukraine to join the bloc, saying it was unrealistic to launch the accession process with a country that’s at war. He told the Hungarian parliament last week that his government would “not support Ukraine on any international issue” until the language rights of a Hungarian minority in western Ukraine are restored.
On Wednesday, Szijjarto said that Hungary also expects Ukraine to remove OTP’s Russian branch and four of its Hungarian executives from a list of entities submitted for sanctions.
veryGood! (7)
Related
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Tesla's profits soared to a record – but challenges are mounting
- Climate-Driven Changes in Clouds are Likely to Amplify Global Warming
- Larry Nassar was stabbed after making a lewd comment watching Wimbledon, source says
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- Biden's offshore wind plan could create thousands of jobs, but challenges remain
- Will a Recent Emergency Methane Release Be the Third Strike for Weymouth’s New Natural Gas Compressor?
- Can bots discriminate? It's a big question as companies use AI for hiring
- The company planning a successor to Concorde makes its first supersonic test
- Indicators of the Week: tips, eggs and whisky
Ranking
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Maryland Thought Deregulating Utilities Would Lower Rates. It’s Cost the State’s Residents Hundreds of Millions of Dollars.
- The great turnaround in shipping
- Ginny & Georgia's Brianne Howey Gives Birth, Welcomes First Baby With Husband Matt Ziering
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Ecuador’s High Court Affirms Constitutional Protections for the Rights of Nature in a Landmark Decision
- How Dying Forests and a Swedish Teenager Helped Revive Germany’s Clean Energy Revolution
- How Dying Forests and a Swedish Teenager Helped Revive Germany’s Clean Energy Revolution
Recommendation
What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
Two U.S. Oil Companies Join Their European Counterparts in Making Net-Zero Pledges
Warming Trends: Music For Sinking Cities, Pollinators Need Room to Spawn and Equal Footing for ‘Rough Fish’
Here’s Why Issa Rae Says Barbie Will Be More Meaningful Than You Think
Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
Kourtney Kardashian Has a Rockin' Family Night Out at Travis Barker's Concert After Pregnancy Reveal
Inside Clean Energy: Here Is How Covid Is Affecting Some of the Largest Wind, Solar and Energy Storage Projects
Could Migration Help Ease The World's Population Challenges?