The European Union will cease all funding to Hungary if Budapest does not lift its veto on providing military aid to Kiev by the bloc at a summit in Brussels on February 1, the Financial Times newspaper reported on Monday, citing an EU document.
In December 2023, Hungary vetoed the enlargement of the EU's 2024-2027 budget to incorporate 50 billion euros ($54 billion) worth of macro-financial aid for Ukraine. European Council President Charles Michel told journalists then that he expected the EU leaders to unanimously approve financial aid to Ukraine in early 2024, with the next extraordinary EU summit scheduled for February 1.
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