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Politico: EU has a backup plan to fund Ukraine even if Orbán continues blocking the loan
European Union countries are preparing an alternative plan to keep Ukraine financially afloat even if Viktor Orbán’s Hungary continues to block a major EU loan package intended to support Kyiv during the war.
According to a report by Politico, EU diplomats say Ukraine will still receive significant funding from European countries even if Hungarian Prime Minister Viktor Orbán and Slovak Prime Minister Robert Fico refuse to lift their objections to a EUR 90 billion loan designed to support Ukraine’s war effort against Russia.
EU leaders are expected to discuss the issue at an upcoming summit in Brussels, where they hope to convince both leaders to approve the package. The loan is intended to cover roughly two-thirds of Ukraine’s financial needs in the war against Russia until the end of 2027.
Baltic and Nordic states preparing EUR 30 billion fallback
If the EU loan remains blocked, several northern European countries are reportedly preparing a workaround.
Diplomats familiar with the negotiations say Baltic and Nordic states are considering providing up to EUR 30 billion in bilateral loans to Ukraine.
Because these would be agreements between individual governments and Kyiv, they would not require approval from all EU member states, meaning Hungary could not veto them.
Separately, the Netherlands is reportedly preparing long-term financial support as well. Dutch Finance Minister Eelco Heinen told EU counterparts that his government has set aside EUR 3.5 billion annually for Ukraine until 2029 through bilateral assistance.
Yes, well, the whole reason for the EU “loan” was, that the politicians could tell their voters: “it isn’t your money we send there.”
So now, they send their voters’ money there.
I mean, sure. I guess if those voters are dumb enough to accept that… but something tells me, that the cost of this for those politicians will be greater then they anticipated.
You like football team analogies, right?
While the EU squad attempts cooperative tiki-taka, Team Orbán parks the bus in front of the goal and refuses to follow the playbook.
He acts like a disruptive captain who argues with the referee, demands full prize money without making any plays, and constantly threatens to take the ball home, gambling that the league organizers won’t issue a red card for fear of ruining the match.
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@DNH … Moderator???