Hungarian Conservative

Ukrainian representative Yuriy Kamelchuk demanded an explanation as to why Hungary had blocked the payment of the next instalment of military aid from the European Peace Facility (EPF) to Ukraine. In his reply, the Hungarian minister reminded that Ukraine has put the biggest Hungarian bank on their list of international sponsors of terrorism, suggesting that the Hungarian bank enables the Russian war machine. As soon as OTP is removed from that list, the minister declared, Hungary will reconsider its veto.

The European Peace Facility was posed to transfer €500 million to Ukraine for artillery round purchases, but the aid was blocked by the Hungarian government. The official explanation for the move is that Budapest would like to see the off-budget EU fund focus on more than just Ukraine, but some believe the blacklisting of OTP Bank may be behind it.