Hungary has blocked the EU’s plan to issue eurobonds to support Ukraine – Politico

Hungary has blocked a potential European Union plan to issue eurobonds to finance Ukraine.

This was reported by Politico.

This measure was being considered as a backup plan in case no way is found to use frozen Russian assets to finance a €165 billion loan.

At the same time, it is noted that the European Commission wants EU countries at the summit this month to agree on supporting Ukraine’s economy with a loan based on the immobilized reserves of Russia’s central bank.

However, Belgium, which holds most of these funds, is also resisting. Brussels fears it could be forced to pay if the Kremlin files a lawsuit.

At the same time, the media write that the United States has urged several European countries to block the allocation to Ukraine of a reparations loan funded by frozen Russian assets, since these assets are needed to achieve a peace agreement, not to continue the war.

Earlier, Politico reported that the U.S. peace plan for Ukraine could put an end to the idea of granting Kyiv a reparations loan.