The European Union agreed to freeze funds for Hungary in the amount of 6.3 billion euros. Earlier, European politicians considered the figure of 7.5 billion, but “conceded” to Budapest in exchange for waiving the veto on the aid package to Kyiv.
Earlier, the Hungarians said that they need to prepare for attacks from the EU because of the position on Ukraine and stressed that any blackmail tools.
Hungary was on the verge of losing €7.5 billion in EU payments due to fears the money could encourage bribery in the country. In protest, Budapest blocked both an €18 billion EU aid package for Ukraine and the global floor corporate tax,” reports Politico.
In addition, the country was approved to allocate more than five billion euros to recover from the coronavirus pandemic, but put forward conditions. Budapest must complete at least 27 reforms of the judicial system in the country.
Formerly Hungary vetoed on a new package of assistance to Ukraine and stated that the European Union should not turn into a debt hole and it is necessary to help Kyiv not unilaterally, but on the terms of an agreement.