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Reuters
Reuters
Business
By Jan Strupczewski and Gabriela Baczynska

Hungary vetoes EU aid for Ukraine, bloc delays decision on funds for Budapest

FILE PHOTO: Hungary's Prime Minister Viktor Orban arrives for the second day of the EU leaders summit in Brussels, Belgium, October 22, 2021. Olivier Hoslet/Pool/via REUTERS

Hungary vetoed an 18 billion euro ($19 bln) loan to Ukraine from the European Union on Tuesday as its row with the bloc over undermining democracy rumbled on and the other 26 member states delayed a decision on releasing billions of aid to Budapest.

At an EU economics and finance ministers' meeting in Brussels, Hungarian minister Mihaly Varga confirmed his government's opposition to a loan for Ukraine financed by joint EU borrowing. Budapest has said it would provide bilateral help to Kyiv.

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