Suggesting Finance
No Result
View All Result
  • Login
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto
Subscribe For Alerts
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto
No Result
View All Result
Suggesting Finance
No Result
View All Result
Home Economy

Most EU leaders back new Ukraine aid, Hungary and Slovakia voice doubts

News Room by News Room
October 31, 2023
Reading Time: 3 mins read
0
Colombia eyes two rate cuts before year-end, finance minister says

By Jan Strupczewski and Gabriela Baczynska

BRUSSELS (Reuters) -Most European Union leaders on Friday backed granting more financial support to Ukraine as it fights a Russian invasion, but Hungary and Slovakia voiced reservations ahead of a decision the bloc needs to make unanimously in December.

The EU executive has proposed that the bloc’s 27 countries chip in more funds in a revision to its shared budget to finance additional spending through 2027, including extending 50 billion euros ($52.8 bln) in new aid to Kyiv.

“I have the impression that we will decide what is necessary for Ukraine’s financial stability,” German Chancellor Olaf Scholz said after talks with his EU peers at a summit in Brussels. “And I don’t think that the partly different concrete assessments will affect that.”

Overall EU support for Ukraine has totalled almost 83 billion euros since Russia invaded in February 2022, the Brussels-based executive European Commission said this week.

Beyond sending Ukraine money and arms, the bloc has also imposed rounds of sanctions against Russia. The summit was meant to highlight the bloc’s steady support for Kyiv even as a new war rages in the Middle East.

“The European Union will continue to provide strong financial, economic, humanitarian, military and diplomatic support to Ukraine and its people for as long as it takes,” a joint statement from the EU leaders read.

SLOVAKIA JOINS HUNGARY

Hungary has been the bloc’s most vocal critic of the policy.

Slovakia’s Robert Fico, attending his first EU summit since being appointed for his fourth term as prime minister on Wednesday, adopted a similar line.

Fresh from meeting Russian President Vladimir Putin, Orban said on Friday that the EU strategy of sending money and military aid to Ukraine has failed.

“The Ukrainians will not win on the battlefield,” he said as footage from the start of the summit showed him standing alone while other EU leaders greeted one another on arriving in their discussions chamber.

Orban has also said he would not endorse in its current form the proposed EU budget revision, which includes the 50 billion in new aid for Kyiv.

But he did not reject the proposal outright either, suggesting there is scope for horse-trading.

That comes as Budapest is trying to unlock billions in aid earmarked for Hungary in the EU budget but frozen by the European Commission over accusations that Orban has damaged democracy.

Fico said there was endemic corruption in Ukraine and demanded that any new EU aid include guarantees that the funds not be misappropriated, according to a statement from his office. He also said Bratislava would stop providing military support to Ukraine.

“Ukraine is among the most corrupt countries in the world and we are conditioning what is excessive financial support on guarantees that European money (including Slovak) not be embezzled,” he said.

Fico himself resigned as Slovakia’s prime minister in 2018 amid street protests after the murder of a journalist who had investigated state corruption. The leftist veteran of Slovak politics has repeatedly swatted away accusations of graft.

“What I can say is that both of them didn’t refuse the possibility for providing aid to Ukraine, even for a long time,” Bulgarian Prime Minister Nikolai Denkov told reporters.

“The questions are, what type of aid and how it is used, how we are sure, the European Union is sure, that this aid is used efficiently,” he said.($1 = 0.9477 euros)

Read the full article here

ShareTweetSendSend

Related Posts

Powell says he wants to 'turn this job over' with economy in 'really good shape' before departure
Economy

Powell says he wants to 'turn this job over' with economy in 'really good shape' before departure

December 18, 2025
Energy secretary says electricity prices will drop under Trump administration policies
Economy

Energy secretary says electricity prices will drop under Trump administration policies

December 17, 2025
December interest rate cut in doubt as Fed minutes show policymakers divided
Economy

Powell acknowledges labor market slowdown but rejects fears of steep decline

December 16, 2025
Consumer confidence falls sharply as Americans worry about the economy
Economy

Consumer confidence falls sharply as Americans worry about the economy

December 14, 2025
Tariffs have surprising effect on unemployment and inflation patterns, Fed analysis reveals
Economy

Tariffs have surprising effect on unemployment and inflation patterns, Fed analysis reveals

December 13, 2025
Kevin O’Leary warns young adults against buying a home too early: ‘Keep it small’ | Fox Business Video
Economy

Kevin O’Leary warns young adults against buying a home too early: ‘Keep it small’ | Fox Business Video

December 12, 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Suggesting Finance

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Visit our landing page to see all features & demos.

LEARN MORE »

Recent Posts

  • These 10 markets may see the biggest homebuying surge as mortgage rates fall
  • Musk predicts AI will create 'universal high income' and make saving money unnecessary
  • Powell says he wants to 'turn this job over' with economy in 'really good shape' before departure

Categories

  • Banking
  • Business
  • Credit Cards
  • Crypto
  • Economy
  • Finance
  • Investing
  • Loans
  • Markets
  • Mortgage
  • Real Estate
  • Saving
  • Taxes
  • Uncategorized
  • Privacy Policy
  • Terms of use
  • Advertise
  • Contact

© 2023 Suggesting Finance. All Rights Reserved.

No Result
View All Result
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto

© 2023 Suggesting Finance. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.