Hungarian Finance Minister Mihai Varga on behalf of the country spoke out against the adoption of legislative amendments by the European Council that would allow Ukraine to allocate EUR 18bn in macrofinancial aid plus in 2023.
Nevertheless, the EU will continue to seek a solution that would be supported by all member states.
“Hungary opposes the amendment of the financial legislation,” he said Tuesday in Brussels on the sidelines of the open part of the Economic and Financial Affairs Council.
In particular, Hungary opposed the amendment to the multiyear financial legislation, which must be passed unanimously.
At the same time, ministers voted by qualified majority macro-financial assistance plus (MFA+) and an amendment to the financial regulations.
Czech Finance Minister Zbigniew Stanjura, who chaired the meeting, commenting on the situation, said: “Unfortunately, we were not able to pass the package as a whole. Nevertheless, this will not cool down our ambitions to start allocating our aid to Ukraine from the beginning of January. I ask the Economic and Financial Committee to find an alternative solution. That means that we will have to find a solution that all countries will support. We will find a solution to support Ukraine.
