Hungary will not decide on any further funding for arms or anything related to Ukraine until it receives ‘a detailed, clear account of how the approximately 50-70 billion euros sent to Ukraine so far have been spent,’ Minister Szijjártó nailed down this morning, before he left for the informal meeting of EU foreign ministers in Toledo, Spain.
The Prime Minister travelled to Doha on Sunday, where he is taking part in an official visit upon the invitation of Qatar’s Prime Minister and delivered a speech at the Qatari Economic Forum upon the invitation of the Qatari Emir.
The Hungarian government blocking the latest round of sanctions comes only days after the Orbán administration vetoed the release of €500 million of military aid to Ukraine. The blacklisting of the Budapest-based OTP Bank by Ukrainian officials is behind both of these decisions.
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.
Despite OTP’s continued support of Ukraine, the Ukrainian National Agency on Corruption Prevention has recently classified the Budapest-based bank as an ‘international war sponsor’ for not shutting down its Russian subsidiary.