Hungarian Prime Minister Viktor Orbán stated that Budapest, together with the Czech Republic and Slovakia, refused to participate in the €90 billion loan support mechanism for Ukraine to avoid additional financial burden on their citizens. Orbán wrote this on X while commenting on the European Council’s decision.
Source: Censor.NET
According to him, the three countries “decided not to board this train” in order to “spare children and grandchildren from the burden of a colossal €90 billion loan.” He added that participation in such a mechanism, in Budapest’s view, would create significant financial pressure on Hungary’s economy.
At the same time, the APA agency reports that the compromise reached at the EU summit provides Ukraine with an interest-free loan of €90 billion to cover the most urgent financial needs during 2026–2027. The funds are planned to be raised on financial markets under the guarantees of the European Union’s joint budget.
According to the agency, Hungary, the Czech Republic, and Slovakia secured the right not to participate in the financing of this mechanism.
Earlier, the EU decided to provide Ukraine with €90 billion in 2026–2027 to support the country’s economy, defense, and overall stability.
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