“So that Orban does not take 26 countries hostage”: how the EU can provide money to Ukraine bypassing Hungary

The European Union is developing a new plan for how allocate funds to Ukraine. This is because Hungary has been blocking this decision for a long time. Probably, Ukraine can receive a tranche of 20 billion euros. This can be done with the help of the fund.

About this Channel 24 said international political scientist Ruslan Osipenko, noting that the fund can be created not at the EU level, but on a bilateral basis. Note that the reserve plan does not require the consent of all members of the European Union. level of European structures, where special rules apply. Where Orban can take 26 members hostage,” Osipenko said.

That is, this is how EU countries can help Ukraine at the business level. They can contribute funds to the fund, and it will transfer them to the Ukrainian state and thus will cover the budget deficit of Ukraine.

The European Union, if it has taken such a strategic step – given the opportunity to start negotiations with the EU, it, having said “A”, will be forced to say “B”. In any case, there will be help,” the international political scientist emphasized.

Financial assistance to Ukraine from the EU: the main thing

• The European Union did not approve the allocation of 50 billion euros for the Ukrainian state on December 14 and 15 at the European Council summit in Brussels. There was no agreement because of Hungary. Prime Minister Viktor Orban vetoed additional funds for Ukraine. Consideration of the issue was postponed to February 1, 2024.
• Minister of Foreign Affairs of Ukraine Dmitry Kuleba said that EU countries will approve the decision on 50 billion euros in aid for Ukraine. This can be done despite Hungary’s disagreement.
• The European Union has come up with a new plan to help Ukraine. Its terms have not yet been discussed. The exact amount will depend on the needs of the Ukrainian state. If the main participants include countries with high credit ratings, the EU will be able to bypass Hungary's veto.
• The scheme will provide for the provision of guarantees by states to the EU budget. This will allow borrowing funds in the interests of Ukraine on the capital markets. However, there will only be loans, there will be no grants. However, Member States may decide to provide grants on a bilateral basis.