Business news from Ukraine

Business news from Ukraine

Hungary’s Orban says Trump victory would force Europe to rethink support for Ukraine

Europe will need to rethink its support of Ukraine if Donald Trump is elected president of the United States, Hungarian Prime Minister Viktor Orban said on Sunday, as the continent “will not be able to bear the burdens of the war alone”.

Orban opposes military aid to Ukraine and has made clear he thinks Trump shares his views and would negotiate a peace settlement for Ukraine.

He backs former president Trump, the Republic candidate, to beat Democratic candidate Kamala Harris in Tuesday’s U.S. election.

“We (in Europe) need to realize that if there will be a pro-peace president in America, which I not only believe in but I also read the numbers that way, … if what we expect happens and America becomes pro-peace, then Europe cannot remain pro-war,” Orban said.

Ukraine will be high on the agenda when European leaders meet in Budapest in the coming week, he said, referring to a European Political Community meeting and a more informal meeting of EU leaders due to take place.

“Europe cannot bear the burden of [the war] alone, and if Americans switch to peace, then we also need to adapt, and this is what we will discuss in Budapest,” Orban said.

Europe is jittery about how the outcome of the U.S. election will affect the war in Ukraine and the continent’s security.

Orban has angered Brussels with his close ties to Russia and opposition to aid for Ukraine.

Hungary’s foreign minister Peter Szijjarto said in July that the Hungarian government sees Trump as a “chance for peace” in Ukraine.

In July Orban said his team was assisting Trump’s aides with policies on families and migration. On Thursday, he called Trump to wish him good luck ahead of Tuesday’s election.

https://www.reuters.com/world/us/hungarys-orban-says-trump-victory-would-force-europe-rethink-support-ukraine-2024-11-03/

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British government will support Ukraine – new British prime minister Starmer

The British government will stand by Ukraine, the country’s new prime minister Keir Starmer pledged on Saturday.

“I will emphasize, as I did yesterday when I spoke to Ukraine’s president Zelensky, that we will stand with our allies to support his country,” he said, referring to next week’s NATO summit in Washington.

According to The Guardian, Starmer said he has already had a number of phone calls with foreign leaders to “establish relationships and have important discussions about Ukraine and other key topics.”

Starmer is the head of the election-winning Labor Party. He took over as head of government on Friday and the new British cabinet held its first meeting on Saturday.

 

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UK TO ALLOCATE GBP 1 BLN IN SUPPORT FOR UKRAINE

The UK will allocate an additional GBP 1 billion in support for Ukraine, which will go towards investment, trade and security, Ukrainian President Volodymyr Zelensky has said.
“Great news from London: UK will allocate an additional GBP 1 billion in support for Ukraine. That means new investments, trade, security. As a result of my negotiations with British Foreign Secretary Boris Johnson last year, the total volume of British support increases to GBP 3.5 billion,”- Zelenskiy said on Twitter on Wednesday.

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