“Hungary, Slovakia and the Czech Republic will have no financial obligations in the wake of the decision on 90 billion euros of EU financial support to Ukraine in 2026-2027.”, — write: www.pravda.com.ua
Flags of the EU and Ukraine. Illustrative photo pixabay.com Source: “European Truth” with reference to the conclusions of the European Council
Details: Earlier, the European Council agreed to provide Ukraine with a loan of EUR 90 billion for 2026-2027 based on EU borrowings on the capital markets, secured by EU budget reserves.
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The conclusions state that thanks to enhanced cooperation on the instrument based on Article 212 of the Treaty on the Functioning of the European Union, “any mobilization of Union budget resources as a guarantee for this loan will not affect the financial obligations of the Czech Republic, Hungary and Slovakia”.
The President of the European Commission emphasized that this loan, which is provided on an interest-free basis, will not become a burden for the budget of Ukraine, and the country should repay it only when it receives reparations.
Prehistory:
- On December 17, the new Czech Prime Minister Andrej Babis called for finding money for financial aid to Ukraine in a different way than using frozen Russian assets.
Read also the article “All about the Prime Minister of Belgium, who blocked money for Ukraine.”